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RBI Monetary Policy
August 10 , 2020
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- In its 7th Bi-monthly Monetary Policy 2020-21, the Reserve Bank of India has decided to maintain the "accommodative" stance and keep the policy repo rate unchanged at 4%.
- The decision has been taken to revive the growth and mitigate the impact of COVID-19 on Indian Economy.
- The Reserve Bank has consequently decided to keep the reverse repo rate under the liquidity adjustment facility (LAF) unchanged at 3.35 percent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 percent.
- The Reserve Bank’s business assessment index (BAI) for first-quarter hit its lowest mark in the survey’s history.
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