(Anjali Shreya, Intern Journalist): The results of the Reserve Bank’s monetary policy review meeting have been reached. In this meeting that lasted for three days, no decision has been taken regarding the repo rate. The change in repo rate means that you will not get new relief on EMI or loan interest rates. Giving the results of the meeting, Reserve Bank Governor Shaktikanta Das said that it has been decided to keep the repo rate at 4 percent. At the same time, the reverse repo rate is also stable at 3.35 percent.
Meanwhile, the stock market continues to gain. After 11 o’clock in the morning, the Sensex showed a strong 250 points and the Nifty was trading ahead of 11,150 points.
This was the third meeting of the Reserve Bank’s monetary policy review in the Corona era. Due to the Corona crisis, the meeting has been done twice before. The first meeting was held in March and then the second meeting in May 2020. In both these meetings, the total repo rate of the Reserve Bank was reduced by 1.15 percent. After the last year i.e. February 2019, the repo rate has been cut by 2.50 percent.
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