The Reserve Bank of India Monetary Policy Committee on Friday

by samreen

The Reserve Bank of India Monetary Policy Committee on Friday voted to keep key rates unchanged and maintained an accommodative stance, announced Governor Shaktikanta Das. With this repo rate stays at 4.0% while the reverse repo rate stays at 3.35%

The development comes amid signs of recovery in the economy badly battered by the coronavirus pandemic.

In a Business Standard poll, all the 10 participants, comprising economists and bank treasurers had expected the RBI to pause.

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