New Delhi: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday kept policy rates unchanged at 4 per cent for the eighth time in a row and continued with an accommodative stance.
The six-member MPC, headed by Governor Shaktikanta Das, met for three days from October 6.
Here are the major points:
* RBI keeps repo rate unchanged at 4%, maintains accommodative stance
*Reverse repo rate also unchanged at 3.35%
* MPC voted 5:1 to maintain liberal stance: Das
* The real GDP growth forecast for the fiscal year 2021-22 has been retained at 9.5%.
* The GDP forecast includes 7.9% in Q2, 6.8% in Q3 and 6.1% in Q4 of 2021-22. The real GDP growth for the first quarter of FY 2022-23 is estimated at 17.2%.
* CPI inflation for the financial year 2022 is estimated at 5.3%.
* CPI inflation for the first quarter of FY 2022-23 is estimated at 5.2%
* Growth picks up, inflation more favorable than expected: RBI Governor
Inflation turning more favorable than expected, economic activity picking up gradually: Das
The six-member MPC, headed by Governor Shaktikanta Das, met for three days from October 6.
Here are the major points:
* RBI keeps repo rate unchanged at 4%, maintains accommodative stance
*Reverse repo rate also unchanged at 3.35%
* MPC voted 5:1 to maintain liberal stance: Das
* The real GDP growth forecast for the fiscal year 2021-22 has been retained at 9.5%.
* The GDP forecast includes 7.9% in Q2, 6.8% in Q3 and 6.1% in Q4 of 2021-22. The real GDP growth for the first quarter of FY 2022-23 is estimated at 17.2%.
* CPI inflation for the financial year 2022 is estimated at 5.3%.
* CPI inflation for the first quarter of FY 2022-23 is estimated at 5.2%
* Growth picks up, inflation more favorable than expected: RBI Governor
Inflation turning more favorable than expected, economic activity picking up gradually: Das
.