RBI Credit Policy Highlights - Top 10 Points: Missed announcement? Know key takeaways in brief
MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent; Marginal Standing Facility (MSF) rate and the Bank rate remain unchanged at 4.25 per cent; The reverse repo rate stands unchanged at 3.35 per cent; Continues with the accommodative stance of monetary policy as long as necessary – at least through the current financial year and into the next year
Real GDP growth is projected at (-) 7.5 per cent in 2020-21; (+) 0.1 per cent in Q3 of 2020- 21 and (+) 0.7 per cent in Q4 of 2020-21; and 21.9 per cent to 6.5 per cent in H1 of 2021- 22. Source: RBI