Reserve Bank of India Governor, Shaktikant Das, announced the monetary policy on today. Monetary Policy Committee announced that the repo rate at 4 per cent and the reverse repo rate at 3.35 per cent. This is the seventh consecutive Monetary Policy that RBI kept repo rate same. RBI revised the monetary rate on May 22 last year.
RBI has decided to continue the situation without any change in interest rates when the second wave of Covid-19 in the country has not yet drastically revived the economy.
RBI Monetary Policy| Keep #RepoRate unchanged at 4% #ReserveBank India Governor #ShaktikantaDas said that #MonetaryPolicy Committee has decided to leave repo rate unchanged
— Capital Report (@reportcapital) August 6, 2021
This is the seventh consecutive #MPC #RBI kept the rates steady.
Monetary Policy Committee (MPC) unanimously voted to keep interest rates unchanged. Governor said it was determined to continue its comfort stance as long as it needed to support economic growth and keep inflation within the target.
Monetary Policy Committee has been ordered to maintain annual inflation at 4 per cent until March 31, 2026.
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