Thursday, June 17, 2021

Monetary Policy Committee of RBI to announce its bi-monthly monetary policy review today

The Monetary Policy Committee of Reserve Bank of India, led by Governor Shaktikanta Das will announce its bi-monthly monetary policy review this morning in Mumbai. After the Monetary Policy announcement, the Governor would interact with media through Video Conferencing.

In the last meeting, RBI has not changed interest rates and decided to keep an accommodative stance to mitigate the impact of Covid-19 and until growth is revived on a durable basis. At present, the repo rate is at 4 percent and the reverse repo rate at 3.35 percent.

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