RBI keeps interest rates unchanged
The Hindu
The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25%, the reverse repo rate stays at 3.35%
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), based on an assessment of the macroeconomic situation and outlook, on Wednesday voted unanimously to maintain status quo with regard to the policy repo rate, and by a majority of 5 to 1 decided to retain the accommodative policy stance.
“Consequently, the policy repo rate remains unchanged at 4%, and the stance remains accommodative as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward,” RBI governor Shaktikanta Das said in his statement after the meeting.
The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25%. The reverse repo rate also remains unchanged at 3.35%.
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