RBI keeps Repo rate unchanged at 4 pc

Mumbai:  The Reserve Bank of India (RBI)  kept the interest rates unchanged at bimonthly monetary policy review today.

  • RBI to maintain accommodative stance, says Governor Shaktikanta Das after meeting of Monetary Policy Committee.

 

  • Global economic activity has remained fragile; surge in Covid cases has subdued early signs of revival, says RBI Governor.

 

  • Economic activity had started to recover, but surge in infection has forced imposition of lockdowns, says Das.

 

  • Supply chain disruptions persist; inflation pressures evident across segments, says RBI Governor.

 

  • Monetary Policy Committee expects inflation to remain elevated in Q2, ease in second half of fiscal, says RBI Governor.

 

  • India’s economic growth to contract in first half of fiscal beginning April 2020, says Das.

 

  • Real GDP growth to remain in negative zone in 1st half and in full fiscal, says RBI Governor.

 

(PTI)

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