RBI assures liquidity for economy, keeps growth revival top priority

MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.

The monetary policy committee of Reserve Bank of India (RBI) maintained status quo on interest rates for the sixth consecutive review meeting on Friday, indicating that reviving economic growth was top on its agenda as it decided to look through inflation pressure which are resurfacing in the economy due to a variety of factors including hardening of crude oil prices.

“The MPC also decided unanimously to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains