RBI keeps repo rate, cash reserve ratio unchanged

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    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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    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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