RBI keeps repo rate unchanged at 4%

Mumbai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept its repo rate unchanged at 4 per cent while maintaining an 'accommodative stance' as long as necessary at least through the current financial year to the next year, RBI Governor Shaktikanta Das announced on Friday.

The RBI governor announced that the decision was taken unanimously and added that the reverse repo rate too was kept unchanged at 3.35 per cent.

The central bank also sees FY22 GDP growth at 10.5 per cent.

The RBI governor said that the inflation has eased below the level of 6 per cent. Outlook on growth has improved significantly. He also said that the MPC judged that need for the hour is to continue supporting the growth.

He added that the signs of recovery have strengthened further and list of normalising sectors is expanding.

 

 

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