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RBI MPC votes to keep key rates unchanged, maintains accommodative stance

Mood of the nation has shifted to confidence & hope, says RBI Governor Shaktikanta Das

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The announcements made by Governor Shaktikanta Das comes over a week after the MPC meeting was postponed.

5 min read Last Updated : Oct 09 2020 | 11:14 AM IST

The Reserve Bank of India Monetary Policy Committee on Friday voted to keep key rates unchanged and maintained an accommodative stance, announced Governor Shaktikanta Das. With this repo rate stays at 4.0 per cent while reverse repo rate stays at 3.35 per cent

The development comes amid signs of recovery in the economy badly battered by the coronavirus pandemic.

"Mood of the nation has shifted to confidence & hope," said Shaktikanta Das adding that the GDP growth may turn positive by Q4FY21. There is an expectation of triple-speed recovery in economic activity, however, real GDP is expected to decline by 9.5 per

Topics : Coronavirus RBI repo rate monetary policy committee MPC meet Shaktikanta Das Indian Economy

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