The Indian Express

Repo rate unchanged at 4%, RBI maintains accommodative stance

RBI Monetary Policy 2021: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent while maintaining an ‘accommodative stance’ as long as necessary to sustain economix growth, RBI Governor Shaktikanta Das announced Wednesday.

The RBI governor announced that the decision was taken unanimously and added that the reverse repo rate too was kept unchanged at 3.35 per cent.

The Indian central bank was widely expected to keep key interest steady amid a surge in COVID-19 cases in the country. According to a recent Reuters poll, 65 of 66 economists surveyed said the RBI’s monetary policy committee (MPC) will leave rates unchanged.

Last week, the government had asked the RBI to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five-year period ending March 2026.

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