Daily Current Affairs

RBI keeps repo rate unchanged at 4%

General Knowledge (judicial) Money Supply and Monetary Policy

The Reserve Bank of India in its Monetary Policy Committee (MPC) meet held between February 3-5, 2021 has kept the policy rates unchanged as under:
Policy Repo Rate- 4.00%
Reverse Repo Rate- 3.35%
Marginal Standing Facility Rate- 4.25%
Bank Rate- 4.25%
CRR- 3%
SLR- 18.00%
The MPC continued to maintain the accommodative stance.
The MPC has predicted the economic growth rate i.e. GDP growth rate of India at 10.5 percent in 2021-22 (FY22)
This is the first MPC meeting after the presentation of the Union Budget 2021-22.
The six-member MPC headed by RBI Governor Shaktikanta Das meets every two months to analyze the state of the Indian economy and inflation and address the monetary issues in the country.