RBI makes no change in policy rates, growth rate expected 9.5 % | Best Defence Coaching

RBI makes no change in policy rates, growth rate expected 9.5 %

Reserve Bank of India (RBI) has not made any change in Repo Rate, Reverse Repo Rate, MSF Rate. RBI Governor Shaktikanta Das held a press conference on 04 June 2021 regarding the decisions of the central bank’s MPC on key rates. RBI Governor Shaktikanta Das said that the Monetary Policy Committee of the RBI has decided to keep the monetary stance liberal as long as it is needed to eliminate the impact of Covid-19.

This is the sixth time in a row that the RBI has kept these rates constant. This means that the repo rate has been kept constant at 4 percent and the reverse repo rate will also remain at 3.35 percent as before. The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25 per cent. There has also been no change in the reverse repo rate.

Reserve Bank of India (RBI) has not made any change in Repo Rate, Reverse Repo Rate, MSF Rate. RBI Governor Shaktikanta Das held a press conference on 04 June 2021 regarding the decisions of the central bank’s MPC on key rates. RBI Governor Shaktikanta Das said that the Monetary Policy Committee of the RBI has decided to keep the monetary stance liberal as long as it is needed to eliminate the impact of Kovid-19.

This is the sixth time in a row that the RBI has kept these rates constant. This means that the repo rate has been kept constant at 4 percent and the reverse repo rate will also remain at 3.35 percent as before. The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25 per cent. There has also been no change in the reverse repo rate.

The RBI reduced its economic growth forecast for the current financial year 2021-22 to 9.5 percent from the earlier 10.5 percent, amid the second wave of Kovid-19 and the lockdown and curfew imposed in the states to deal with it.

After a three-day review meeting of the RBI’s Monetary Policy Committee, Reserve Bank Governor Shaktikanta Das on June 04 said key interest rates have been kept unchanged and an easing stance in monetary policy will continue to help boost economic growth.

The RBI reduced its economic growth forecast for the current financial year 2021-22 to 9.5 percent from the earlier 10.5 percent, amid the second wave of Kovid-19 and the lockdown and curfew imposed in the states to deal with it.

After a three-day review meeting of the RBI’s Monetary Policy Committee, Reserve Bank Governor Shaktikanta Das on June 04 said key interest rates have been kept unchanged and an easing stance in monetary policy will continue to help boost economic growth. .