Picture : Twitter / ANI
RBI has once again left the interest rates unchanged for the fourth time in a row, keeps repo rate at 4 pc.
Central bank to maintain accommodative monetary policy stance to support growth, keep inflation at targeted level, said RBI governor Shaktikanta Das, adding that Inflation has returned to tolerance band (of 4 pc).
On the year gone bay and the year ahead, Das said , While the year 2020 tested our capabilities and endurance, 2021 is setting the stage for a new economic era in the course of our history.
The RBI governor also said GDP growth in the next fiscal (2021-22) was projected at 10.5%.
Marginal standing facility rate and the bank rate remain unchanged at 4.25%. The reverse repo rate stands unchanged at 3.35%.
On the future roadmap Das pointed out, Consumer confidence is reviving and business expectations of manufacturing, services and infrastructure remain upbeat. The movement of goods and people and domestic trading activities are growing at a robust pace.
