Reserve Bank Governor Shaktikanta Das had said the rise in inflation was primarily due to statistical reasons, especially in the third quarter of FY22.
Reserve Bank of India (RBI) on Thursday kept the benchmark lending interest (repo) rate unchanged at 4 per cent and continued with its "accommodative" stance to support economic growth.
The Reserve Bank of India on Thursday kept the repo rate unchanged at 4 per cent for the 10th time in a row and continued with "accommodative" stance. The reverse repo rate has also been kept unchanged at 3.35 per cent.
RBI Monetary Policy: No change in rates, announces Governor Shaktikanta Das
RBI Monetary Policy: No change in rates, announces Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (June 4) announced that the repo rate will remain unchanged at 4%. (Image Source: IANS)
Updated: Jun 4, 2021, 10:26 AM IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (June 4) announced that the repo rate will remain unchanged at 4% and the reverse repo rate at 3.35%. Monetary Policy Committee (MCC) voted to maintain status-quo meaning the repo rate remains unchanged at 4%. MCC also decided to continue with an accommodative stance as long as necessary to revive and sustain growth on a durable basis and to mitigate the impact of COVID-19 on the economy, ANI quoted RBI Governor as saying. Analysts and rating agencies had forecasted the status quo to be maintained with the Reserve Bank of India (RBI) opting out of the
DNA Explainer: RBI keeps repo rate unchanged, know how it will affect you - With the repo rate remaining at the lowest level in the last two decades, it bodes well for borrowers but for savers it is certainly not welcome news.