RBI keeps Monetary Policy and Rates unchanged
The RBI has taken a decision to make no changes in the Monetary Policy Committee (MPC) for December policy. at present, the repo rate is at 4 per cent. On the other hand, RBI sets Reverse Repo rate at 3.35 per cent and the Marginal Standing Facility and Bank Rate ( 4.25 per cent ) are the same. there are no changes here.
- The RBI take these steps in order to revive GDP and mitigate the impact of the Corona Virus. it also purposes to ensure inflation.
- This step will help in maintaining capital among banks and NBFCs and will make a strengthen regulatory supervision, facilitating with external trade and payment system services.
- As well as, Regional Rural Banks have been permitted to use Liquidity Adjustment Facility (LAF) and Marginal Standing Facility.
Also Read: What is Liquidity Adjustment Facility (LAF) and Marginal Standing Facility?
About Reserve Bank of India –
Governor – Shaktikanta Das
Bank rate – 4.00%
Headquarters – Mumbai
Founded Date – 1 April 1935
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RBI keeps Monetary Policy and Rates unchanged
