RBI Monetary Policy LIVE Updates: RBI maintains status quo, accommodative stance continues

Mumbai : RBI Monetary Policy LIVE Updates: Reserve Bank of India (RBI) Governor Shaktikanta Das said the MPC voted to maintain the repo rate at 4 percent and reverse repo rate at 3.35 percent. The accommodative policy stance will continue.
The MPC maintained its Gross Domestic Product (GDP) growth forecast at 10.5 percent for FY22.
A post-policy press conference will be held at 12 pm.
The policy announcement comes amid elevated inflation and surge in COVID-19 infections across the country.
On February 5, the MPC had kept lending rates unchanged, and maintained its "accommodative" policy stance.
The MPC has cut the repo rate by 250 bps since February 2019.