RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways : vimarsana.com

RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways


RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways
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The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections and pledged to keep money supply open.
Agencies
The RBI said it would provide liquidity support of Rs 50,000 crore for fresh lending during 2021-22 to All India Financial Institutions.
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NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past.
The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep money supply open and batted for a tax rate cut on fuel so that inflation may come down.

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