RBI announces monetary policy; keeps repo rate unchanged at 4%

RBI has issued the Monetary Policy Statement, 2020-21, the policy repo rate under the liquidity adjustment facility (LAF) has been kept unchanged at 4.0 %. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 % and the MSF rate and the Bank Rate at 4.25 %. “These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 % within a band of +/- 2 %, while supporting growth.” Said RBI

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