RBI Keeps Repo Rate Unchanged At 4% | Catch News
Reserve Bank of India decided to keep repo rate unchanged at 4% and Reverse repo rate at 3.35%. “The Monetary Policy Committee unanimously decided to keep repo rate unchanged at 4%.
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RBI Keeps Repo Rate Unchanged At 4% | Catch News.
RBI Keeps Repo Rate Unchanged At 4% | Catch News
Reserve Bank of India decided to keep repo rate unchanged at 4% and Reverse repo rate at 3.35%. “The Monetary Policy Committee unanimously decided to keep repo rate unchanged at 4%.
#ReserveBankofIndia #ShaktikantaDas #catchnews #CatchNewsToday
#RepoRate
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RBI Keeps Repo Rate Unchanged At 4% | Catch News
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RBI Keeps Repo Rate Unchanged At 4%, Maintains Accommodative Stance | Catch News
Amid on-going COVID pandemic, Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4% and to continue with accommodative stance. In a virtually press conference, RBI Governor Shaktikanta Das on June 04 said, “Monetary Policy Committee (MCC) voted to maintain status quo i.e. repo rate remains unchanged at 4%. MCC also decided to continue with accommodative stance as long as necessary to revive and sustain growth on durable basis and to mitigate impact of COVID on economy.”
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The Reserve Bank of India (RBI) Governor Shaktikanta Das-headed monetary policy committee (MPC) on Thursday maintained status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. This halt came after five consecutive cuts. The short-term lending rate, or repo rate, was unchanged at 5.15 per cent. All six committee members voted against the rate cut.
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Watch RBI money policy: Repo rate unchanged at 5.15%, stance remains accommodative With HD Quality
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RBI Governor Shaktikanta Das on Friday announced decisions on key rates after the panel concludes its three-day meeting on June 4.RBI kept interest rates unchanged at a record low at 4%. The monetary panel will act to support growth by retaining its accommodative stance for as long as necessary, Guv Das said.
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