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RBI MPC Highlights: RBI retains repo fee unchanged, keep established order, retains GDP tasks at 9.5%

The MPC is predicted to maintain repo and reverse repo charges unchanged for the ninth consecutive assembly.
(Image: REUTERS)

RBI Monetary Policy Committee Highlights: Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) as we speak introduced its determination to keep up the established order and preserve key rates of interest unchanged. Now repo fee sits at 4% whereas the reverse repo fee is at 3.35%. The Monetary Policy Committee has stored charges unchanged for the ninth consecutive coverage meet. Rates had been minimize twice final 12 months with a 75 bps minimize in March, adopted by a 40 bps minimize in May. The RBI had introduced down charges conserving in thoughts the challenges posed by the covid-19 pandemic and the resultant lockdown. The Reserve Bank of India has maintained its GDP progress tasks for this fiscal 12 months at 9.5%.

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