RBI Monetary Policy 2021: Repo rate, reverse repo rate remain same, 'local lockdowns could hit demand'

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RBI Monetary Policy 2021: Repo rate, reverse repo rate remain same, 'local lockdowns could hit demand'

Last Updated : 07 Apr 2021 12:16:46 PM IST

RBI Monetary Policy 2021: Repo rate, reverse repo rate remain same,

To support a faster economic recovery amid the surge in Covid-19 cases, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the first monetary policy review of FY22.

Accordingly, the Monetary Policy Committee (MPC) of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.

Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.

It was widely expected that MPC would hold rates and the accommodative stance.