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RBI Monetary Policy: Repo rate remains unchanged

Reserve Bank of India Governor Shaktikanta Das today presented the first monetary policy review for FY 2021-22. RBI has projected a growth of 10.5% in GDP in FY 2021-22. The central bank has projected the country’s GDP growth to be 26.2% in the first quarter of FY 2021-22 and 8.3% in the second quarter. The Reserve Bank has kept the repo rate unchanged at 4%, the reverse repo rate at 3.35% and the bank rate at 4.25. He said that due to no change in the repo rate, home loan rates will remain stable. Das said that vaccination and its effectiveness are important for global economic recovery.

Read more: Financial Express | Money Control | CNBC TV 18

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