Every year, RBI has to meet four times to keep a check on Indian economic scenario, as per the Section 45ZI (1) and (2) of Reserve Bank of India Act, 1934.Schedule of meetings are updated at least a week before the commencement of first meeting of the fiscal year.
RBI, in its policy meet, discusses and uses its financial monetary tools to correct any imbalances in the economy.
In general the basic monetary tools used by the apex bank of the country, RBI, are controlling the interest rate. Level of interest rate is adjudicated keeping the rate of inflation and industrial production index in spot light.
April 4th and 5th, RBI will meet to decide on to the interest rate factor. This meeting will mark the first bi-monthly monetary policy meet for the FY2018-19.