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RBI monetary policy
June 8 , 2021
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- Reserve Bank of India unveiled its bi-monthly monetary policy.
- It has kept the interest rates unchanged.
Highlights
- Monetary policy opened a Rs 15,000-crore liquidity window for contact-intensive sectors such as hotels and tourism.
- On the liquidity front, it announced securities purchases of Rs 40,000 crore in June quarter while Rs 1.2 lakh crore in September under G-SAP 1.0 to revive the growth.
- Repo rate was kept at 4 per cent while reverse repo rate was kept unchanged at 3.35 per cent.
- G-SAP 2.0 will be launched to buy bonds worth Rs 1.2 trillion.
- Under it, RBI will also buy bonds issued by state governments.
Note
- G-SAP 1.0 is Government Security Acquisition Programme 1.0 announced by RBI.
- It is for orderly evolution of yield curve in Financial Year 2022.
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