All 30 economists surveyed by Bloomberg as of Wednesday expect the six-member Monetary Policy Committee to leave the repurchase rate at four per cent on Friday.
Monetary Policy Review: Experts believe that the rupee may remain strong after recent announcements
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on February 5, 2021, that the Monetary Policy Committee (MPC) will maintain key policy rates at the existing levels, which lead to the repo and reverse repo rates unchanged. The central bank kept the repo rate unchanged at four per cent and the reverse repo rate steady at 3.35 per cent. The RBI Governor also assured that the central bank would continually support the economy s recovery from COVID-19 by ensuring ample liquidity in the system. The Monetary Policy Committee also projected the real gross domestic product (GDP) growth to be 10.5 per cent in 2021-22 – in the range of 26.2 to 8.3 per cent in the first half, and six per cent in the third quarter. (