Picture : twitter / ANI
As predicted earlier the Reserve Bank of India has kept repo rate unchanged at 4%, maintains accommodative stance. RBI keeps reverse repo rate at 3.35%.
RBI Governor Shaktikanta Das while briefing the media said that economic activity has broadly evolved along the lines of the Monetary Policy Committee’s expectations in June and the economy is recovering from the setback of the second phase of COVID19. The projection for real GDP growth is retained at 9.5% for 2021-22.
RBI Governor further elaborated , CPI inflation is projected at 5.7 % during 2021-22 – this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI inflation for the first quarter of 2022-23 is projected at 5.1%.
