No Changes in Repo rate by RBI

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New Delhi, 4/6(Ao Bureau): Reserve Bank of India (RBI) Governor Shaktikanta Das today announced the decisions on key rates from the Monetary Policy Committee (MPC) of the central bank. Reserve Bank Governor Shaktikanta Das has not made any change in the monetary policy this time. Due to rising inflation, the Monetary Policy Committee of the Reserve Bank has decided not to make any change in the policy rate. RBI’s Monetary Policy Committee has decided that till the impact of Corona does not end, only the accommodative approach will be maintained. That is, to deal with the economic challenges due to the Corona epidemic and to continue the recovery, liquidity remains in the system, so the RBI has decided not to make any changes in the rates.

 

No change in reverse repo rate, Marginal Standing Facility (MSF) and bank rates will remain at 4.25 per cent as before. There has also been no change in the reverse repo rate. The MPC has kept the repo rate at 4 per cent and the reverse repo rate at 3.35 per cent. The three-day meeting of RBI’s Monetary Policy Committee (MPC) began on June 2. This decision on the policy has been taken at a time when the second wave of coronavirus infection is clearly having a bad effect on the country’s economy.

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