In the first monetary policy committee (MPC) meeting after the presentation of the Union Budget 2021-22, the Reserve Bank of India (RBI) panel on Friday announced that it has kept repo rate, as well as the reverse repo rate unchanged while maintaining an 'accommodative stance'. RBI governor Shaktikanta Das announced that the decision was taken unanimously and added that the repo rate was kept unchanged at 4 percent and the reverse repo rate at 3.35 percent. The RBI will be maintaining an accommodative stance "as long as necessary at least through the current financial year to the next year, Das announced. The central bank also sees the upcoming financial year's GDP growth at 10.5 per cent.