Amid the second wave of COVID-19, the government, financial markets and all financial institutions are awaiting the decisions of the RBI review meeting. In the monetary policy review to be presented by RBI Governor Shaktikanta Das on Wednesday, the repo rate and other statutory rates are likely to be kept at the current level. For this, the threat of economic activity being reinvigorated amidst increasing cases of coronavirus is being considered as the factor. Currently, the Repo Rate is 4% and the Reverse Repo Rate is 3.35%. In the previous RBI monetary policy review (February 5, 2021), the economic growth rate for the year 2021-22 was estimated to be 10.5%.
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Governor Shaktikanta Das to present the first monetary policy review decisions for 2021-22
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