Wednesday, June 16, 2021

RBI keeps policy repo rate unchanged at 4.25% for sixth time in a row

Reserve Bank of India (RBI) today kept the key rates unchanged in its bi-monthly monetary policy statement. While announcing the policy, RBI Governor Shaktikanta Das said that the projected Gross Domestic Product growth will be 9.5 per cent for the ongoing Financial Year of 2021-2022.

RBI has kept repo rate unchanged at 4.25 per cent, sixth time in a row. The RBI reverse repo rate or RBI’s borrowing rate also remains unchanged at 3.35 per cent. RBI has also maintained accommodative monetary policy stance to support growth and kept inflation at targeted level, he said.

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