RBI keeps repo rate unchanged at 4%; Predicts GDP for FY21 at -7.5%
- The Reserve Bank of India in its Monetary Policy Committee (MPC) meet held between December 2-4, 2020 has kept the policy rates unchanged as under:
- Policy Repo Rate- 4.00%
- Reverse Repo Rate- 3.35%
- Marginal Standing Facility Rate- 4.25%
- Bank Rate- 4.25%
- CRR- 3%
- SLR- 18.00%
- The MPC continued with the accommodative stance.
- The MPC has predicted the real GDP growth for FY21 at (-)7.5%.
Points to remember:
1. All the rates.
2. Policy Stance?- Accommodative
3. GDP prediction for FY21?= -7.5%
Source: RBI