RBI Monetary policy LIVE: Repo, reverse repo rate remain unchanged

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Monetary policy LIVE: Reserve Bank of India’s bi-monthly Monetary Policy Committee (MPC) voted unanimously to keep both repo rates and reverse repo rates unchanged, Governor announced Thursday. said it maintains an accommodative stance and will continue with it as long as necessary for a “durable and broad-based recovery” citing concerns over and new Covid-19 variant. The has been left unchanged at 4% while the reverse is 3.35% “Overall taking into consideration the outlook for and growth, in particular the comfort provided by improving outlook, the uncertainties related to and global spillovers, the MPC was of the view that continued policy support is warranted for a durable and broad-based recovery,” governor Das said.
 



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