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RBI Monetary Policy LIVE: MPC might not minimize repo fee; merchants eye GSAP 2.zero for Rs 40,000 crore bonds provide

Reserve Bank of India Governor Shaktikanta Das will shortly announce the result of the second bi-monthly MPC meet.
(Image: REUTERS)

RBI MPC LIVE: Reserve Bank of India Governor Shaktikanta Das will shortly announce the result of the second bi-monthly Monetary Policy Committee assembly for this fiscal yr. Analysts and ranking companies don’t anticipate the Monetary Policy Committee (MPC) to undertake any heavy lifting, foreseeing the established order to proceed with key charges unchanged within the wake of the second wave of the covid-19 pandemic. RBI can be anticipated to keep up an accommodative stance to facilitate financial restoration. In its earlier bi-monthly assembly in April, the MPC had stored key rates of interest unchanged. The repo fee at the moment sits at four per cent and the reverse repo fee at 3.35 per cent. 

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