RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 4 per cent and the reverse repo rate unchanged at 3.35 per cent. The policy decision comes at the end of the first meeting of the six-member Monetary Policy Committee (MPC) after Budget 2021. The Reserve Bank has slashed its key lending rate i.e. repo rate by 115 basis points since March 2020 to cushion the economy from the shock of coronavirus crisis.
RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 4 per cent and the reverse repo rate unchanged at 3.35 per cent. The policy decision comes at the end of the first meeting of the six-member Monetary Policy Committee (MPC) after Budget 2021. The Reserve Bank has slashed its key lending rate i.e. repo rate by 115 basis points since March 2020 to cushion the economy from the shock of coronavirus crisis.