RBI maintains status quo third time in a row; keeps benchmark lending rate unchanged at 4 pc

RBI Governor c on Friday said that RBI will be maintaining accommodative monetary policy stance to support growth, keep inflation at targeted level.

He also said that Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent.

Accommodative stance of monetary policy to continue as long as necessary, to revive growth and mitigate impact of COVID19, also ensuring inflation is in control

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Monetary Policy Committee (MPC) was of the view that inflation is likely to remain elevated with some relief in the winter months from prices of perishables and bumper Kharif arrivals: RBI Governor Shaktikanta Das

MPC decided to continue with accommodative stands of monetary policy as long as necessary, at least till current financial year & into next year to revive growth on a durable basis & mitigate the impact of COVID-19 while ensuring that inflation remains within target: RBI Governor

Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent: RBI Governor Shaktikanta Das

The Marginal Standing Facility (MSF) rate and the bank rate remain unchanged at 4.25%. The reverse repo rate remains unchanged at 3.35%: RBI Governor Shaktikanta Das