RBI Monetary Policy 2021: Repo rate, reverse repo rate remain same, 'local lockdowns could hit demand'

Gallery

MORE...

Sports

Men’s Sr Hockey Nationals to be played in division-based format from April 4

The 15th Hockey India Senior Men National Championship, set to take place from April 4 to

Mensik denies Djokovic 100th title in Miami final

KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics

Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award

Djokovic, Alcaraz land in same half of Miami draw

India to host 2nd Asian Yogasana Championships from March 29 to 31

MORE...

RBI Monetary Policy 2021: Repo rate, reverse repo rate remain same, 'local lockdowns could hit demand'

Last Updated : 07 Apr 2021 12:16:46 PM IST

RBI Monetary Policy 2021: Repo rate, reverse repo rate remain same,

To support a faster economic recovery amid the surge in Covid-19 cases, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the first monetary policy review of FY22.

Accordingly, the Monetary Policy Committee (MPC) of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.

Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.

It was widely expected that MPC would hold rates and the accommodative stance.