RBI maintains status quo for fourth time in a row; keeps key rate static at 4%
The RBI on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in future if need arises to support the economy hit by the COVID-19 pandemic. The Reserve Bank’s Monetary Policy Committee (MPC) voted unanimously to leave the repo rate unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the panel. “It also unanimously decided to continue with the accommodative stance of monetary policy as long as necessary at least through the…
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