RBI Monetary Policy

RBI has once again assured to keep policy stance supportive of growth while it trimmed GDP forecast to 9.5% for the current financial year.
The Reserve Bank of India’s Monetary Policy Committee today decided to maintain the status quo and keep its policy stance accommodative to facilitate growth for the covid-hit Indian economy. All MPC members voted unanimously to keep the repo rate at 4% and the reverse repo rate at 3.35% in the second bi-monthly policy review of this fiscal year. Apart from the policy rates, the central bank has stepped up efforts to maintain adequate liquidity in the system as it announced GSAP 2.0 and a special liquidity window for certain sectors. RBI has once again assured to keep policy stance supportive of growth while it trimmed GDP forecast to 9.5% for the current financial year.