Picture : Twitter / ANI
The RBI’s Monetary Policy Committee has voted unanimously to keep the policy repo rate unchanged at 4%, for the ninth consecutive time.
The stance remains accommodative, RBI governor Shaktikanta Das said after the meeting. The marginal standing facility rate and bank rate remain unchanged at 4.25%, while the reverse repo rate also remains unchanged at 3.35%.
RBI also retains the GDP growth target at 9.5% for FY22, Das said.
Price pressures may persist in the immediate term. Vegetable prices are expected to see a seasonal correction with winter arrivals in view of bright prospects for Rabi crops.
The persistence of CPI inflation excluding food & fuel since June 2020 is an area of policy concern in view of input cost pressures that could rapidly be transmitted to retail inflation as demand strengthens said Das as reported by ANI .
