4/06/2021 10:37:10 AM | Source: IANS
Growth Oriented: RBI retains rates, accommodative stance
The Reserve Bank of India (RBI) has retained its key short-term lending rates along with the growth-oriented accommodative stance during the second monetary policy review of FY22 on Friday.
Accordingly, the Monetary Policy Committee (MPC) of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks at 4 per cent.
Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.
It was widely expected that MPC would hold rates and the accommodative stance.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
Most Market Roundup : Nifty opened with a big gap do...
Views on AMFI Data by Mr Ankur Punj MD and National ...
Daily Market Commentary : Nifty opened gap-down as I...
Quote on Weekly Market Round-Up by Shrikant Chouhan,...
Quote on Market Wrap Up by Mr. Ajit Mishra - SVP, Re...
Quote on Weekly Market Wrap by Amol Athawale, VP-Tec...
Quote on Gold by Jateen Trivedi, VP Research Analyst...
Quote on Nifty by Rupak De, Senior Technical Analyst...
Perspective on AMFI Data by Sanjay Agarwal, Senior D...
