Reserve Bank’s Monetary Policy Committee meeting is scheduled to be held on April 3, 5 and 6. In the meeting on monetary policy, two major issues, mainly rising retail inflation and central bank action in developed countries, will be discussed in detail.
The RBI has been raising the repo rate since May 2022 due to various reasons, including the Russia-Ukraine war and the international supply freeze. In the financial year 2023-24, the Reserve Bank will hold 6 meetings of the Monetary Policy Committee.
Earlier this month, RBI Governor Shaktikanta Das said, ‘Monetary policy has been tightened across the world due to reasons including Covid, Ukraine war. Despite this, the Indian economy and financial sector remains stable. “We have passed the worst of inflation,” he said.
The RBI hiked the rate by 25 basis points in February’s monetary policy committee meeting. This has increased the repo rate to 6.50 percent. In terms of consumer price index (ie retail inflation) it was 6.52 per cent in January and 6.44 per cent in February. 
Bank of Baroda Chief Economist Madan Sapnavis said, “Retail inflation has been 6.5 per cent and 6.4 per cent in the last 2 months. With liquidity now moderate, we can expect RBI to raise rates again by 25 basis points.”
Chief Economist, Indian Center for Assessments and Research T.K. Bund says,
“We expect the RBI to raise the repo rate by 25 basis points. This will be the last rate hike in the current cycle. As the UK and US central banks continue to raise interest rates, the RBI is also likely to raise the repo rate.
This is what he said.
It is noteworthy that the increase in repo rate will further increase the interest rate on home and auto loans.