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Reserve Bank of India keeps key interest rates unchanged for 7th credit policy
Posted
August 6, 2021
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7:59Now PlayingNews coming in from RBI monetary policy as Reserve Bank of India Governor Shaktikanta Das has announced that RBI is not changing the repo rate. The Repo rate kept unchanged at 4 percent, while the reverse repo rate is also kept unchanged at 3.35 percent. "Economic activity has broadly evolved along the lines of the Monetary Policy Committee's expectations in June and the economy is recovering from the setback of the second phase of COVID19," said Governor Das after the three-day MPC meeting. Governor further added, "CPI inflation surprised on the upside in May; price momentum however moderated. Outlook for aggregate demand is improving but underlying conditions are still weak. More needs to be done to restore supply-demand balance in no. of sectors,". Listen in!
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