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RBI keeps repo rate unchanged at 4%

October 9, 2020
40 Views
RBI keeps the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 %; and the reverse repo rate remains unchanged at 3.35 % and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 %. Monetary Policy Committee also decided to continue with the accommodative stance as long as necessary at least during the current financial year and into the next financial year to revive growth on a durable basis and mitigate the impact of COVID-19 on the economy
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