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The pivot of monetary policy has shifted squarely to growth

It is only next year when RBI expects growth to increase to 6.8 per cent that repo rate will be raised

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RBI monetary policy | RBI Policy

Sameer Narang 



Sameer Narang, Chief Economist, Bank of Baroda

In the midst of a rapidly changing COVID-19 backdrop in India, the monetary policy committee (MPC) kept policy rates unchanged and maintained an accommodative stance. MPC members reiterated their resolve to continue with an accommodative stance as long as necessary, to sustain growth on a durable basis and mitigate the impact of COVID-19 on the economy. With this, MPC members removed time based guidance given in the earlier policies.

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First Published: Wed, April 07 2021. 14:17 IST


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