RBI`s monetary policy committee decides to unanimously leave policy repo rate unchanged at 4 percent

Last Updated: Thursday, August 6, 2020, 04:19
RBI`s monetary policy committee decides to unanimously leave policy repo rate unchanged at 4 percent
RBI governor Dr. Shaktikanta Das today said that the apex bank`s monetary policy committee has decided to unanimously leave the policy repo rate unchanged at 4 per cent. He added that RBI will continue with the accommodative stance of monetary policy as long as necessary to revive growth, mitigate the impact of COVID-19, while ensuring that inflation remains within the target going forward.

In an address after the conclusion of the three day MPC meeting today via video conferencing, Dr.Das said the Marginal Standing Facility (MSF) rate and the Bank rate remain unchanged at 4.25 per cent. He said, the reverse repo rate stands unchanged at 3.35 per cent. He said the MPC’s assessment is that the global economic activity has remained fragile and in retrenchment in the first half of 2020.
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