The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has agreed to maintain the status quo and keep interest rates unchanged.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has agreed to maintain the status quo and keep interest rates unchanged.
Highlights of the RBI's Monetary Policy: The Monetary Policy Committee (MPC) has agreed to leave interest rates steady and maintain the status quo. The repo rate is currently 4%, and the reverse repo rate is 3.35 percent. Governor of the Reserve Bank of India (RBI) Shaktikanta Das stated that the monetary stance remains "accommodative." The MPC has kept its 9.5 percent GDP growth forecast for FY22.
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