Bi monthly Monetary Policy RBI

Bi monthly Monetary Policy RBI

Bi monthly Monetary Policy RBI : Repo rate unchanged at 4% ; Check full details here!

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Two minute reads :
  • The Governor of RBI Shaktikanta Das on April 07, 2021 , announced the Bi monthly Monetary Policy review of the Reserve Bank of India.
  • The MPC which comprises of 6 members and is headed by the Governor had met for 3 days starting from April 5.
  • The repo rate under the liquidity adjustment facility ( LAF ) has been kept unchanged at 4.00%.
  • The reserve repo rate under the LAF has been kept unchanged at 3.35%.
  • Real GDP growth is expected to be negative.
  • The RBI’s MPC has pegged the real GDP growth for FY21 to contract by 9.5%.
  • Last month, the government had asked the RBI to maintain retail inflation at 4% with a margin of 2% on either side for another 5 year period ending March 2026.

RBI to provide adequate liquidity :

  • The RBI Governor assured that the RBI will ensure that there is adequate liquidity in the system to ensure the productive sectors.
  • The apex bank announced fresh leading of RS 50,000 to all India financial institutions.
  • Fresh leading of RS. 50,000 crores will be provided to all India financial institutions.
https://modernaffairs.live/contactless-rupay-card-union-bank-launches/

Some important instruments of Bi monthly Monetary Policy RBI :

  • Repo rate
  • Reserve repo rate
  • Liquidity Adjustment
  • Marginal standing facility

Important takeaways of RBI :

  • Governor : Shaktikanta Das
  • Headquarters : Mumbai
  • Founded : 1 April 1935, Kolkata
Bi monthly Monetary Policy RBI
Reference : https://currentaffairs.adda247.com/rbis-3rd-bi-monthly-monetary-policy-statement-2020-21-released/

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