aditya
19:24
The Reserve Bank of India (RBI) has announced its bi-monthly monetary policy. This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low. The meeting was held between August 4 and 6. The remaining will take place in October (6 to 8); December (6 to 8) and February (7 to 9, 2022).
The Marginal Standing Facility (MSF) rate and bank rates remain unchanged:
•Policy Repo Rate: 4.00%
•Reverse Repo Rate: 3.35%
•Marginal Standing Facility Rate: 4.25%
•Bank Rate: 4.25%