RBI keeps policy rate unchanged for 8th time in a row
The Hindu
Inflation trajectory turning more favourable than anticipated, says RBI Governor
The Monetary Policy Committee (MPC) of the Reserve Bank of India, (RBI), on Friday, October 8, 2021, voted 5:1 to keep the policy repo rate unchanged at 4%.
The decision was taken '"to continue with accommodative stance to revive, sustain growth on durable basis," RBI Governor Shaktikanta Das said.
Stating that the RBI took over 100 measures since onset of COVID-19 pandemic, Mr. Das said the inflation trajectory turning more favourable than anticipated. The economic activity too is slowly picking up, he said.
Everyone talks about the Airport Metro, but one look at the pillars and completion seems nowhere in sight. Meanwhile, a faster, cheaper, roomier alternative called the Suburban Rail Airport Corridor is finally getting off the drawing board. This dedicated corridor with its specialised coaches will link the airport to vast stretches of Bengaluru, where the metro connection is still years away.