MPC Meet Live Updates: Reserve Bank kept the repo rates unchanged at four per cent
Reserve Bank of India (RBI) Governor Shaktikanta Das announced the policy decision today, at the end of the scheduled review of the Monetary Policy Committee (MPC) that began on Wednesday, June 2, as it evaluates the economic impact amid the severity of the second wave of the COVID-19 pandemic. The Reserve Bank s monetary policy unanimously voted to maintain the repo rates - the key interest rates at which the RBI lends money to commercial banks - steady at four per cent. The reverse repo rate - the rate at which RBI borrows money from banks, was also unchanged at 3.35 per cent. (
The RBI on Friday held the repo rate, its key lending rate, at four per centand kept the reverse repo rate, the borrowing rate, unchanged at 3.35 per cent.