RBI keeps repo rate, reverse repo rate unchanged
the Monetary Policy Committee’s decision was to maintain status quo on policy rates for the second time in a row
While stating that inflation outlook remains uncertain, the RBI informed that a spike in onion prices last year, was alone responsible for a hike of 328 basis points in food inflation.
the decision on policy rates will be made once inflation starts to decelerate, adding that RBI remains vigilant to a potential generalization of inflation.
RBI’s Monetary Policy Committee will continue to remain proactive as it was last year when the repo rate was reduced by 135 basis points.
the RBI announced that it will soon start conducting long-term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of 1,00,000 crore rupees.
the Monetary Policy Committee’s decision was to maintain status quo on policy rates for the second time in a row
While stating that inflation outlook remains uncertain, the RBI informed that a spike in onion prices last year, was alone responsible for a hike of 328 basis points in food inflation.
the decision on policy rates will be made once inflation starts to decelerate, adding that RBI remains vigilant to a potential generalization of inflation.
RBI’s Monetary Policy Committee will continue to remain proactive as it was last year when the repo rate was reduced by 135 basis points.
the RBI announced that it will soon start conducting long-term repos of one-year and three-year tenors of appropriate sizes for up to a total amount of 1,00,000 crore rupees.
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