RBI monetary policy: Rates kept unchanged for continued support to economy

RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor

The Reserve Bank of India’s monetary policy committee (MPC) on Thursday kept key interest rates unchanged for a tenth straight meeting, retaining an accommodative stance amid the threat surrounding Omicron coronavirus variant.

Repo and reverse repo rates remain unchanged at 4 per cent and 3.35 per cent, respectively, said RBI governor Shaktikanta Das in a statement after a three-day meeting of the committee in Mumbai.

“India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,” said Das.

The six-member rate panel, which has been on pause since August 2020, retained