Home » RBI Monetary Policy Live: No repo fee reduce for fifth straight MPC; continues to keep up accommodative stance
RBI Monetary Policy Live: No repo fee reduce for fifth straight MPC; continues to keep up accommodative stance
April 7, 2021
Currently, the repo fee or the short-term lending fee is at Four per cent, the reverse repo fee is 3.35 per cent.(File picture)
RBI Monetary Policy LIVE: Reserve Bank of India (RBI) has stored the coverage fee unchanged at Four per cent and voted unanimously to keep up the established order with an accommodative stance. The reverse repo fee remained unchanged at 3.5 per cent, and marginal standing facility and financial institution fee stored unchanged at 4.25 per cent. Most of the consultants and analysts anticipated RBI to keep up established order amid rising COVID-19 instances within the nation. It could also be famous that the RBI had stored the important thing rate of interest (repo) unchanged for the fifth consecutive assembly. On the again of the COVID-19 pandemic, the central financial institution has reduce coverage charges to Four per cent by way of two fee cuts of 75 bps in March’20 and 40 bps in May’20.