RBI keeps REPO rate unchanged at 4% and reverse repo rate at 3.5%

The RBI’s monetary policy committee has kept the REPO rate unchanged at 4%, reverse repo rate at 3.5% and marginal standing facility rate at 4.25%. MPC also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward.The RBI’s monetary policy committee has kept the REPO rate unchanged at 4%, reverse repo rate at 3.5% and marginal standing facility rate at 4.25%. MPC also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward.taxmann.com Latest Statutory HappeningsRead More

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