RBI's break on purchase of government securities
- The Reserve Bank maintained interest rates and accommodation (By commercial representative) MUMBAI: The Reserve Bank of India (RBI) today maintained key interest rates as expected at the end of a three-day monetary policy review meeting, but also signaled a phased withdrawal of stimulus measures announced during the Corona period. This was indicated by Reserve Bank Governor Shaktikant Das in view of the impending economic recovery. Growth rate estimates were maintained while inflation expectations have declined. The Reserve Bank's six-member Monetary Policy Committee (MPC) unanimously maintained the repo rate at 4 per cent. The reverse repo rate was also maintained at 7.5 per cent. However, the decision to maintain the accommodative attitude was taken by a 2-1 vote, Governor Shaktikant Das said in an online statement. The Reserve Bank has maintained low interest rates for the eighth consecutive time to support the economy of the country affected by the Corona. Since March 202...