RBI keeps repo rate unchanged at 6 percent amid domestic inflation accelerating to 17-month high newsnationtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnationtv.com Daily Mail and Mail on Sunday newspapers.
Reserve Bank of India s Monetary Policy Committee kept the repo rate unchanged at record low 4%.
A hastened pace of vaccination is critical to preserve lives and livelihoods, and prevent a resurgence in new waves of infections, the Reserve Bank of India Governor Shaktikanta Das said on Friday. A hastened pace of the vaccination drive and quick ramping up of healthcare infrastructure across both urban and rural areas are critical to preserve lives and livelihoods and prevent a resurgence in new waves of infections, the Governor said.
The RBI Governor said the vaccination process is expected to gather momentum and this will help in normalising the economy quickly. Citing example of advanced economies, the MPC noted that global economic recovery has been powered by massive vaccination programmes and stimulus packages.
Pune (Maharashtra) [India], June 4 (ANI/NewsVoir): On June 4, 2021, RBI Governor Shaktikanta Das announced that repo rates and reverse repo rates would remain unchanged at 4% and 3.35% respectively.
The economy contracted by a record 7.3 per cent in the financial year 2020-21 due to COVID-19, registering its worst pace in over four decades. according to government data