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Repo Rate and Reverse Repo Rate to remain unchanged: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das announced the decisions taken by the Monetary Policy Committee (MPC) regarding policy rates on Friday. The meeting of the Das-led Monetary Policy Committee began on Wednesday. In this meeting, there was a wide discussion about the current state of the economy, the status of liquidity and other points. Major policy rates like repo rate, reverse repo rate, bank rate and CRR were reviewed and decided at the RBI MPC meeting. In the meeting, it was unanimously decided to keep the repo rate unchanged at 4%. With this, the reverse repo rate has been retained at 3.35%. Das said that the monetary stance has been kept ‘liberal’.

Read more: Financial Market | The Times Of India | Bloomberg Quint | Livemint

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Shrutika Kasar
Shrutika Pradeep Kasar Journalist Writer music lover

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