RBI status quo on policy supportive of economic growth; liquidity measures in right direction: Experts
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Last Updated: Apr 07, 2021, 07:38 PM IST
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The six-member Monetary Policy Committee (MPC) unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.
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The RBI will also provide Rs 25,000 crore to NABARD, Rs 10,000 crore to NHB and Rs 15,000 crore to SIDBI.
RBI s decision to keep repo rate unchanged for the fifth time in a row is in line with the economic need to encourage growth, financial market players and experts said on Wednesday.
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RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI
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Regulator announces committee to strengthen ARCs
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Regulator announces committee to strengthen ARCs
The RBI on Wednesday announced various developmental and regulatory policy measures on liquidity management and support to targeted sectors, to help mitigate the impact of the pandemic and help in economic revival.
The central bank decided to extend freshsupport of ₹50,000 crore to the All India Financial Institutions for new lending in FY22. This would help support the continuedflow of credit to the economy in the aftermath of the COVID-19pandemic and to nurture the still-nascent growth impulses.