In today’s (4.06.2021) second bimonthly MPC meeting, the Reserve Bank of India decided to maintain the policy repo rate under the liquidity adjustment facility (LAF) on hold at 4.0 per cent.
The Monetary Policy Committee of the Reserve Bank of India has decided to maintain status quo on key policy rates.
Based on its assessment, the MPC voted unanimously to maintain the status quo on repo rates and maintain an accommodative stance for as long as possible to revive growth,” said RBI Governor.
“The MPC took stock of the evolving macroeconomic and financial conditions and the impact of the second wave of Covid on the economy. The Central Bank cuts the FY22 GDP growth forecast to 9.5% from 10.5% earlier. MPC now sees CPI inflation at 5.1% in 2021-22; 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4.
Consequent to Reserve Bank of India has decided to maintain status quo on key policy rates, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The present policy rates are as under.
|CRR (Cash Reserve Ratio)||4.00%|
|SLR (Statutory Liquidity Ratio)||18.00 %|
|Reverse Repo Rate||3.35%|
|MSF Rate (Marginal Standing Facility Rate)||4.25%|