The RBI Monetary Policy Committee on Friday kept the repo rate unchanged at 4% unanimously and maintained a ‘less accommodative’ stance.
The reverse repo rate has been raised by 40 bps to 3.75% to ensure liquidity. MSF is rate unchanged at 4.25%
The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, held its first meeting in the current financial year from April 6 to 8.
In the last 10 meetings, the MPC maintained a repo rate steady in the backdrop of the Covid pandemic and the recent geo-political tensions.
Das said the RBI has successfully navigated its course through turbulent waters. “With the start of the war in Europe, we are faced with new and enormous challenges,” he added.
