close
Breaking news

“You measure a democracy by the freedom it gives its dissidents,...read more In one of the biggest leaks ever of offshore financial records, the Internation...read more The Champaran Foundation, in collaboration with InFeed, is inviting entries fo...read more The recently concluded German elections on September 26, 2021 have given a divid...read more According to latest news reports, China has been on a defense infrastructure rev...read more A new line of argument has already come to dominate the public sphere: it’...read more The government has gone one step further to detect community spread of the coro...read more The government has issued an order to abolish the six allowances, including the...read more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected pe...read more SEOUL| South Korea’s unemployment rate was unchanged in April as the coronavi...read more Amid the outbreak of Corona pandemic in the country, Indian government has been...read more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated ...read more Corona infection in the country is taking a macabre form. So far, more than 74 ...read more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP Chi...read more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh cror...read more

No Changes in Repo Rate and Reverse Repo Rate : RBI

RBI

Reserve Bank of India (RBI) Governor Shaktikanta Das held the press conference. The three-day meeting of the Monetary Policy Committee of the Reserve Bank of India ended today. Das announced the decisions taken by the six-member committee. It is known that this was the 24th meeting of the MPC. This time customers were not given the benefit of interest rate reduction. Also, no announcement was made on the loan moratorium.

Key highlights
  • RBI has not made any change in the repo rate. It remains at four per cent. The MPC has taken this decision unanimously. That is, customers have not got new relief on EMI or loan interest rates.
  • RBI Governor Shaktikanta Das said that the reverse repo rate has also been kept constant at 3.35 per cent.
  • Also, MSF remains at the bank rate of 4.25 per cent.
  • The RBI governor said that the global economy is still weak. But the growth in foreign exchange reserves continues.
  • Inflation is expected to increase in the first half of this year due to the corona virus. However, it is likely to decrease in the second half.

Story Page