RBI keeps repo rate unchanged at 4%, maintains accommodative stance

RBI Governor Shaktikanta Das announced the new monetary policy on Wednesday. Declaring an accommodative policy stance, the RBI governor informed that the repo rate would remain unchanged at 4 per cent.

Reserve Bank of India (RBI) Governor Shaktikanta Das announced the new monetary policy on Wednesday. Declaring an accommodative policy stance, the RBI governor informed that the repo rate would remain unchanged at 4 per cent.

The reverse repo rate was also kept unchanged at 3.35 per cent. The MSF bank rate was also not changed to keep a check on inflation and take out the economy following the ravages of the second wave of pandemic.