The Reserve Bank of India (RBI) on Friday kept key interest rates unchanged and maintained an accommodative stance in order to aid further economic recovery.

The central bank's Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 4 per cent while the reverse repo rate has been maintained at 3.35 per cent. RBI Governor Shaktikanta Das said the MPC will maintain status quo till the economy recovers from the impact of the second wave of the Covid-19 pandemic. But Das clarified that the country is in a much better position and many economic indicators have improved.

The Reserve Bank of India (RBI) on Friday kept key interest rates unchanged and maintained an accommodative stance in order to aid further economic recovery.

The central bank's Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 4 per cent while the reverse repo rate has been maintained at 3.35 per cent. RBI Governor Shaktikanta Das said the MPC will maintain status quo till the economy recovers from the impact of the second wave of the Covid-19 pandemic. But Das clarified that the country is in a much better position and many economic indicators have improved.