RBI's Monetary Policy Announcement: Key Takeaways You Need to Know
- 3 years ago
RBI's Monetary Policy Announcement: Key Takeaways You Need to Know
In a unanimous vote, the Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep key interest rates unchanged, but will continue with its accommodative stance “as long as necessary”.
With this decision, the repo rate has been left unchanged at 4%, while the reverse repo remains at 3.35%.
The move, which was widely expected by both market experts and economists, comes amid some signs of recovery in the Indian economy, which has been hurt badly by the COVID-19 pandemic.
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In a unanimous vote, the Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep key interest rates unchanged, but will continue with its accommodative stance “as long as necessary”.
With this decision, the repo rate has been left unchanged at 4%, while the reverse repo remains at 3.35%.
The move, which was widely expected by both market experts and economists, comes amid some signs of recovery in the Indian economy, which has been hurt badly by the COVID-19 pandemic.
Like our work? Click here to support The Wire: https://thewire.in/support
The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values.
We publish in four different languages!
For English, visit www.thewire.in
for Hindi: http://thewirehindi.com/
for Urdu: http://thewireurdu.com
for Marathi: https://marathi.thewire.in
If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/
You can also follow The Wire’s social media platforms and engage with us.
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