The Indian equity benchmarks settled higher on Friday, halting a three-day losing run after Reserve Bank of India (RBI) kept key rates unchanged at record lows.
The European Central Bank (ECB) left all monetary policy levers untouched today but said that it would stop net asset purchases under the PEPP program at the end of this month.
The Reserve Bank of India on Thursday kept the repo rate unchanged at 4 per cent for the 10th time in a row and continued with "accommodative" stance. The reverse repo rate has also been kept unchanged at 3.35 per cent.
RBI Keeps Key Rates Unchanged, Says Recovery Uncertainty Due To Covid RBI Keeps Key Rates Unchanged, Says Recovery Uncertainty Due To Covid Reserve Bank of India Governor Shaktikanta Das has kept the repo rate unchanged amid a surge in Covid-19 cases and imposition of fresh restrictions to control the rampaging virus.
The RBIGovernor also said the bank willcontinue with an accomodative stance Reserve Bank of India Governor Shaktikanta Das has kept the key rates unchanged, saying the recent resurgence in Covid-19 infections has created uncertainty about recovery in economic growth. The central bank retained the repo rate at 4 per cent and the reverse repo rate at 3.35 per cent. The RBI Governor said that vaccine distribution and its efficacy is key to global economic recovery and asserted that the bank will continue with an accomodative stance as long as necessary to mitigate the impact of the COVID-19 pandemic.