Mumbai/IBNS: The Reserve Bank of India on Friday released the schedule of the meeting of its Monetary Policy Committee (MPC) for the upcoming financial year (FY24).

The first meeting of the committee for the next fiscal will be held on April 3-5, 2023, the central bank said in a release.

RBI's rate-setting panel comes together bi-monthly to decide on measures to manage the macroeconomic indicators.

The MPC’s last meeting was in February when it had raised the repo rate, the key interest rate, by 25 basis points to tame inflation and keep it within its tolerance band of 2-6 percent.

The key benchmark rate was increased for the sixth successive time in February's meet, which was the last one for the current fiscal (FY23).