RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System The central bank had last cut its policy rates on May 22, 2020, in an off-policy cycle, when Covid-19 posed an unprecedented challenge to the economy The policy decision comes at the end of first meeting of six-member MPC after Budget 2021. Reserve Bank of India (RBI) Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to maintain key policy rates at existing levels, saying that the "need of the hour is to back growth." The Reserve Bank kept the repo rate unchanged at 4 per cent and reverse repo rate untouched at 3.35 per cent. Mr Das also gave an assurance that the central bank would continually support the economy's recovery from the pandemic by ensuring ample liquidity in the system. The policy decision comes at the end of the first meeting of the six-member Monetary Policy Committee (MPC) after Budget 2021.