RBI monetary policy: Interest rates untouched, accommodative stance continues - The repo rate the central bank's lending rate remains unchanged at 4 per cent and the reverse repo rate borrowing rate at 3.35 per cent.
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.
As per fund managers, RBI has a tough task at hand in the upcoming credit policy, navigating between galloping commodity prices, and the unpredictable impact of lockdowns on employment, production, and general welfare in the real economy
RBI s MPC begins discussions; repo rate likely to remain unchanged
The fears of firming inflation are also likely to abstain the MPC from fiddling with the interest rate in its bi-monthly monetary policy result, to be announced on June 4
BusinessToday.In | June 2, 2021 | Updated 17:10 IST
The RBI kept benchmark rates unchanged at the last MPC meeting held in the month of April
The Reserve Bank of India s (RBI) rate-setting panel, Monetary Policy Committee (MPC), began its three-day discussions on Wednesday amid expectations of a status quo on key interest rates, primarily owing to incertitude over the impact of the second wave of the COVID-19 pandemic.