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RBI MPC highlights: 2nd wave has moderated; expect demand to pick up

RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates

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RBI | RBI monetary policy | Reverse Repo Rate

BS Web Team  | New Delhi 

EVENT HIGHLIGHTS

monetary policy LIVE: The Reserve Bank of India's (RBI's) six-member monetary policy committee, headed by Governor Shaktikanta Das, on Friday kept the benchmark interest rate unchanged amid coronavirus uncertainty and fears over .
The repo rate (lending rate) will continue at 4.00% and (RBI’s borrowing rate) at 3.35%. With this, the repo rate has remained unchanged for a sixth consecutive time.
 
revised FY22 real GDP growth projection to 9.5% — 18.5% in Q1, 7.9% in Q2, 7.2% in Q3 and 6.6% in Q4. “Unlike the first wave of Covid-19, where economy came to a standstill, economic impact during the second wave will be contained,” the Governor said.

The projection for CPI-based in FY22 is 5.1% — 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4.
 
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First Published: Fri, June 04 2021. 08:14 IST