RBI keeps key rates unchanged in its bi-monthly monetary policy

• Integrity Education, Delhi
• 05, Jun 2021

The Reserve Bank Of India today kept interest rates unchanged in its monetary policy declared as expected. The Repo Rate has been kept at 4 percent while the Reverse Repo Rate at the central bank’s borrowing has been unchanged at 3.35 per cent. While announcing the decisions, RBI governor Shaktikant Das said that, policy support from all sides is required to regain momentum of growth and to nurture the recovery after it has taken root. 

For the sixth time in a row, RBI has kept benchmark rates unchanged. MSF and Bank rate have also been maintained at 4.25 per cent. In order to boost hotels and restaurants, tourism sector, tour operators and aviation ancillary services, a separate liquidity window of Rs 15 thousand crore is being opened, in which banks can provide fresh lending support to these sectors.

Sources : News On Air