On Thursday, the Reserve Bank of India Governor Shaktikanta Das announced key monetary policy decisions in a press conference. He announced that the repo rate of 4% and reverse repo rate of 3.3% will remain unchanged. Gold loans have been enhanced to 90% of the value, earlier it was at 75%. Shaktikanta Das announced National Housing Bank (NHB) and National Bank for Agriculture and Rural Development (NABARD) will be provided with Rs. 10,000 crore additional liquidity facility. He also stated that the economy has started to recover.
Check out the full video of RBI’s monetary policy address , if you have missed it