RBI keeps repo rate unchanged at 4%

RBI keeps repo rate unchanged at 4%

• The six-member monetary policy committee of the Reserve Bank of India (RBI) headed by Governor Shaktikanta Das, has decided to keep key lending rates unchanged for the fifth consecutive time, in its April 2021 policy review meeting held between April 5 to 7, 2021.
• The policy rates are as follows:
  • Repo rate : 4%
  • Reverse repo rate : 3.35%
  • Marginal Standing Facility (MSF) Rate : 4.25%
  • Bank Rate : 4.25%
  • CRR : 3.50%
  • SLR : 18.00%
• RBI has also kept the accommodative monetary stance unchanged.
• Meanwhile, the GDP growth of India is projected at 10.5% in financial year 2021-22

Points to remember:

1. What is the present Repo Rate?- 4.0%
2. What is the present Reverse Repo Rate?- 3.35%
3. What is the MSF Rate and Bank Rate?- 4.25%
4. What is the stance of Monetary Policy Committee (MPC) meeting on April 5, 2021?- Accommodative