Home Buisness news RBI Keeps Key Lending Rate Unchanged Amid Rising Inflation

RBI Keeps Key Lending Rate Unchanged Amid Rising Inflation


The Reserve Bank of India’s Monetary Policy Committee (MPC) led by Governor Shaktikanta Das on Thursday saved the repo charge unchanged at two-decade low of Four per cent. All the MPC members unanimously voted for conserving the repo charge unchanged whereas sustaining its accommodative stance.

Here are the highlights of RBI’s financial coverage determination:

  • All the MPC members unanimously voted in favour of conserving charges unchanged
  • Monetary Policy Committee expects inflation to stay at elevated ranges in July-September, and ease in second half of economic 12 months: RBI Governor Shaktikanta Das
  • Global financial exercise has remained fragile in first half of 2020: RBI Governor Shaktikanta Das
  • Reserve Bank of India’s Monetary Policy Committee (MPC) led by Governor Shaktikanta Das retains repo charge unchanged at 4%
  • India’s overseas trade reserves rose by $56.eight billion thus far to $534.6 billion as on July 2020
  • Inflation prone to ease in second half of present monetary 12 months, says RBI Governor Shaktikanta Das
  • GDP progress anticipated to stay in contraction zone
  • Equity markets maintain good points after RBI retains repo charge unchanged; Sensex up 229 factors at 37,892 and Nifty advances 60 factors to 11,162
  • Monetary coverage transmission has improved significantly

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