Daily Archives: August 6, 2021

RBI announces Statement on Developmental and Regulatory Policies

The Developmental and Regulatory Policies announced today by RBI sets out various developmental measures including liquidity and regulatory measures. The highlights of the statements are as under.  Liquidity Measures:  Extension of Deadline for On Tap TLTRO Scheme:  RBI has announced the extension of the On Tap TLTRO scheme further by a period of three months,…

RBI monetary policy announced: Repo rate unchanged

The MPC of RBI today (August 6, 2021) voted unanimously to keep the policy repo rate unchanged at 4 percent. The MPC also decided on a 5 to 1 majority to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact…