ICICI Direct: RBI Monetary Policy Update - Focus On Growth Continues
The Reserve Bank of India (RBI) logo is displayed on a wall inside the central bank’s regional headquarters in New Delhi, India (Photographer: T. Narayan/Bloomberg)

ICICI Direct: RBI Monetary Policy Update - Focus On Growth Continues

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ICICI Direct Report

The Reserve Bank of India maintained its repo rate at 4.0%, reverse repo rate at 3.35% and marginal standing facility at 4.25%.

The Monetary Policy Committee members voted unanimously on status quo and kept the policy stance unchanged at ‘accommodative’ as long as necessary—at least during the current financial year and into the next financial year—to revive growth on a durable basis and mitigate the impact of Covid-19 on the economy while ensuring that inflation remains within the target, going forward.

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ICICI Direct RBI Monetary Policy Review.pdf

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