Jagriti Rai (intern journalist), The repo rate unchanged at 4%. The RBI has maintained the status quo for the third time in a row. They have maintained an accommodative stance.
Announcing the decision of the RBI governor, Shaktikanta Das said There will be no change in the repo rate or the reverse repo rate. The Repo rate is unchanged at 4%. The reverse repo rate is also unchanged by the central bank.
The monetary policy committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4%. The MPC has also decided to maintain the accommodation stance.
“MPC decided to continue with accommodative stands of monetary policy as long as necessary, at least till the current financial year to receive growth on a durable basis and mitigate the impact of Coronavirus. While ensuring that inflation remains within the target” said Shaktikanta das
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