RBI keeps Repo Rate unchanged at 4%

The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Friday kept the repo rate unchanged at 4 percent and the reverse repo rate at 3.35 percent, maintaining an accommodative stance on part of the central bank even as the economy is showing signs of recovery after the second coronavirus disease (Covid-19) wave.

As a result, the remaining rates are also unchanged and are mentioned below:

• Reverse Repo Rate- 3.35%
• Marginal Standing Facility Rate- 4.25%
• Bank Rate- 4.25%
• CRR- 4.00%
• SLR- 18.00%

The MPC also decided to continue with the accommodative stance.

RBI has retained the projection for real GDP growth at 9.5 percent in 2021-22.

The decisions were announced at the Monetary Policy Committee (MPC) held between October 6-8, 2021. The next MPC meet will be held between December 6 to 8, 2021