The Reserve Bank of India today maintained status quo in policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at 4% to keep the stance accommodative.
While announcing the Bi-monthly policy RBI Governor Shaktikanta Das said, MSF rate and bank rate will remain unchanged at 4.25%. Reverse repo rate will also remain unchanged at 3.35%.
Mr.Das said that MPC has voted 5-1 to continue accommodative monetary policy stance as long as necessary to revive and sustain growth and mitigate impact of COVID19 on the economy, while ensuring inflation remains within target.
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