KRChoksey: RBI Keeps Repo Rate, Reverse Repo Rate Unchanged
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The Reserve Bank of India maintained status quo on the rate and stance unanimously. The repo rate remains at 4% and stance at accommodative.
The inflation and gross domestic product forecast has been revised upwards and inflation remains a concern and monitorable. However, reviving growth and employment is of utmost priority currently.
For the same, it has not proclaimed any specific measures to withdraw liquidity as the current focus is on credit availability and fulfil the government borrowing program at a reasonable price. It continues to manage forex liquidity.
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