RBIS MPC Announcement
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MPC of the RBI maintained an accommodative stance and kept the repo rate unchanged at 4 percent
♦ The Monetary Policy Committee has also ensured that inflation remains within the target.
♦ The reverse repo rate was also kept as earlier at 3.35 percent.
♦ Marginal Standing Facility (MSF) rate and discount rate also remain unchanged at 4.25 percent.
♦ it’s the 8th time RBI maintaining the established order on the policy rate after revising the policy rate on May 22, 2020.
♦ High-frequency indicators point that economic activity has gained momentum.
♦ India is in an exceedingly far better place as compared to the last MPC meeting.
♦ For the fiscal year 2021-22, CPI inflation is projected at 5.3 percent.