RBI's OCTOBER 2021 MONETARY POLICY - FIRST CUT
- Credit Rating Agency in India
- RBI Monetary Policy
- RBI's OCTOBER 2021 MONETARY POLICY - FIRST CUT
The COVID 19 pandemic caused widespread devastation to lives and livelihoods all across the world but thankfully post-pandemic, growth is gaining traction. The COVID19 has highlighted issues of disparate demand and supply divergence, patchy access to countries with low production costs and irregular vaccination necessitating synchronized measures with a sense of immediacy.
In conformity with our policy expectations, the RBI, despite high inflation, held the rates steady in October’s bimonthly policy. Accordingly, the policy repo rate remains unchanged at 4 per cent; the reverse rate unchanged at 3.35 per cent, the marginal standing facility (MSF) rate and the bank rate unchanged at 4.25 per cent.