RBI JUNE 2021 POLICY - HOLDING THE RATE STEADY
- Credit Rating Agency in India
- RBI Monetary Policy
- RBI JUNE 2021 POLICY - HOLDING THE RATE STEADY
In line with our expectations and infact most market participants, the Reserve Bank of India (RBI) kept the Repo rate unchanged and retained the accommodative stance.
The six-member MPC unanimously held the Repo rate unchanged at 4 per cent. This was the seventh consecutive time since May 22, 2020- when it was reduced from 4.4 per cent to 4 per cent on May 22, 2020-that the RBI kept the Repo rate unchanged at 4 per cent as also the Reverse Repo rate unchanged at 3.35 per cent. The Marginal standing facility (MSF) rate and the bank rate remained unchanged at 4.25 per cent.