RBI keeps repo rate unchanged in Monetary Policy Committee of August 2020
The Monetary Policy Committee of RBI met on 4th, 5th and 6th August for its second meeting of 2020-21. In the meeting, the following things have been mentioned.
The policy rates have been kept unchanged as:
- Policy Repo Rate- 4.00%
- Reverse Repo Rate- 3.35%
- Marginal Standing Facility Rate and Bank Rate- 4.25%
- CRR- 3%
- SLR- 18%
The committee continues with the accommodative stance.
Source: RBI