RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System
Reserve Bank of India (RBI) Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to maintain key policy rates at existing levels. The Reserve Bank has kept the repo rate unchanged at 4 per cent and reverse repo rate untouched at 3.35 per cent, saying that the "need of the hour is to back growth." The policy decision comes at the end of the first meeting of the six-member Monetary Policy Committee (MPC) after Budget 2021.
