MPC meet starts today: RBI likely to keep key policy rates unchanged
The emergence of a new Covid-19 variant called Omicron and uncertainties around it may thwart the RBI from changing the status quo in key lending rates.
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The emergence of a new Covid-19 variant called Omicron and uncertainties around it may thwart the RBI from changing the status quo in key lending rates.
“Monetary policy stance remains accommodative as long as necessary to revive and sustain growth and mitigate impact of the Covid-19 pandemic, while ensuring inflation remains within target,” RBI Governor Shaktikanta Das said.
The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the eighth time straight and continued with an accommodative stance.
Referring to the Reserve Bank of India (RBI) readings on the current growth of the Indian economy, the Confederation of Indian Industry (CII) on Friday said t
RBI maintains status quo on interest rates ANI | Updated: Jun 04, 2021 10:18 IST Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) on Friday held key interest rates and maintained an accommodative stance amid uncertainty over the economic impact of the COVID-19 pandemic's second wave. The announcement came after a three-day meeting of its Monetary Policy Committee (MPC). The RBI has kept repo rate -- the central bank's lending rate -- unchanged at 4 per cent and reverse repo rate -- borrowing rate -- at 3.35 per cent. The second ...