Reserve Bank of India Governor Shaktikanta Das on Friday announced the second bi-monthly RBI Monetary Policy 2021 for the ongoing Financial Year 2021-22. For FY 2021-22, the first monetary policy was announced back in April. In the RBI Monetary Policy today, Governor Das has listed out a raft of data and measures.
The Reserve Bank of India (RBI) Monetary Policy has kept the interest rates unchanged. The repo rate has been kept at 4%. The reverse repo rate or the central bank’s borrowing has been unchanged at 3.35%. Governor Das also announced additional measures that RBI will undertake to help businesses ailing from COVID-19 impact.
Here are the key highlights of the Reserve Bank of India Governor Shaktikanta Das’ speech.
RBI Monetary Policy – Key takeaways
The repo rate has been retained at 4% and the reverse repo rate at 3.35%, RBI Governor Shaktikanta Das announced.
The marginal standing facility (MSF) rate and the bank rate remained unchanged at 4.25%.
RBI…