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RBI Monetary Policy: No change in rates, announces Governor Shaktikanta Das


RBI Monetary Policy: No change in rates, announces Governor Shaktikanta Das
RBI Monetary Policy: No change in rates, announces Governor Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (June 4) announced that the repo rate will remain unchanged at 4%.
(Image Source: IANS)
Updated: Jun 4, 2021, 10:26 AM IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (June 4) announced that the repo rate will remain unchanged at 4% and the reverse repo rate at 3.35%. Monetary Policy Committee (MCC) voted to maintain status-quo meaning the repo rate remains unchanged at 4%.
MCC also decided to continue with an accommodative stance as long as necessary to revive and sustain growth on a durable basis and to mitigate the impact of COVID-19 on the economy, ANI quoted RBI Governor as saying. Analysts and rating agencies had forecasted the status quo to be maintained with the Reserve Bank of India (RBI ....

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