RBI has decided to keep benchmark interest rate at which of the following percent in Monetary Policy August 2021?
A. 2 Percent
B. 3 Percent
C. 4 Percent
D. 5 Percent
Explanation:
The Reserve Bank of India (RBI) decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave. The panel has also raised the inflation target for fiscal 2001-22 but maintained the growth forecast at 9.5 per cent.
