• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

RBI Monetary Policy: RBI keeps repo rate unchanged; Here are the Highlights

|

New Delhi, Aug 06: Reserve Bank of India Governor Shaktikanta Das on Thursday called for a Monetary Policy Committee (MPC) and kept the repo rate unchanged at two-decade low of 4 per cent. All the MPC members unanimously voted for keeping the repo rate unchanged while maintaining its accommodative stance.

    RBI: Repo rate unchanged at 4%, Reverse Repo Rate unchanged at 3.3% | Oneindia News

    Shaktikanta Das

    Here are the highlights:

    a. All the MPC members unanimously voted in favour of keeping rates unchanged

    b. MPC expects inflation to remain at elevated levels in July-September, and ease in second half of financial year

    c. Global economic activity has remained fragile in first half of 2020

    d. Reserve Bank of India's Monetary Policy Committee (MPC) led by Governor Shaktikanta Das keeps repo rate unchanged at 4 per cent

    e. India's foreign exchange reserves rose by $56.8 billion so far to $534.6 billion as on July 2020

    RBI Monetary Policy: MPC keeps repo rate unchanged at 4 per cent, says RBI Governor Shaktikanta Das

    f. Inflation likely to ease in second half of current financial year

    g. GDP growth expected to remain in contraction zone

    h. Equity markets hold gains after RBI keeps repo rate unchanged; Sensex up 229 points at 37,892 and Nifty advances 60 points to 11,162

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X