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RBI Monetary Policy: Repo Rate Unchanged At 4%, GDP Forecast Cut To 9.5% For FY22
Reserve Bank of India kept the repo rate unchanged at 4 percent for the sixth consecutive policy, maintains an accommodative stance amid uncertainty about the economic fallout of the second COVID-19 wave and rising inflation. The reverse repo rate is also unchanged at 3.35 percent. MSF and Bank rate also maintained at 4.25 percent.
The Monetary Policy Committee of the Reserve Bank of India kept the repo rate unchanged at 4 percent for the sixth consecutive policy.
Marginal Standing Facility (MSF) rate and bank rates remain unchanged at 4.25%. The reverse repo rate also remains unchanged at 3.35%: RBI Governor Shaktikanta Das pic.twitter.com/fcUiaNWG2c
— ANI (@ANI) June 4, 2021
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