RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more

Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%

The Reserve Bank of India Monetary Policy Committee on Friday unanimously voted to keep the repo rate unchanged. RBI Governor Shaktikanta Das said that the central bank would continue its accommodative stance for as long as required. 

Here are the highlights of the RBI Policy review:

• MPC has unilaterally decided to keep the policy rate unchanged at 4%
• Accommodative stance to continue for now
• Reverse repo rate unchanged at 3.35%
• MSF and bank rate unchanged at 4,25%
• Stable near-term outlook on account of inflation being in control
• Given that inflation has come within the tolerance band, MPC decided to prioritise growth
• 2020 tested our endurance, while 2021 is