RBI Monetary Policy: Repo rate kept steady at 4%; What do experts say?
RBI MPC keeps repo rate steady at 4% 'on expected lines', say experts
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RBI MPC keeps repo rate steady at 4% 'on expected lines', say experts
This is the sixth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo. RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
If growth recovery gets back on track as Covid-19 infections decline, focus may shift to policy normalisation. Fund managers say RBI has already exhausted monetary policy options to support growth and any further reduction in policy rates is unlikely