The Reserve Bank of India's Monetary Policy Committee (MPC) led by Governor Shaktikanta Das on Thursday kept the repo rate unchanged at two-decade low of 4 per cent. All the MPC members unanimously voted for keeping the repo rate unchanged while maintaining its accommodative stance.
Here are the highlights of RBI's monetary policy decision:
- All the MPC members unanimously voted in favour of keeping rates unchanged
- Monetary Policy Committee expects inflation to remain at elevated levels in July-September, and ease in second half of financial year: RBI Governor Shaktikanta Das
- Global economic activity has remained fragile in first half of 2020: RBI Governor Shaktikanta Das
- Reserve Bank of India's Monetary Policy Committee (MPC) led by Governor Shaktikanta Das keeps repo rate unchanged at 4%
- India's foreign exchange reserves rose by $56.8 billion so far to $534.6 billion as on July 2020
- Inflation likely to ease in second half of current financial year, says RBI Governor Shaktikanta Das
- GDP growth expected to remain in contraction zone
- Equity markets hold gains after RBI keeps repo rate unchanged; Sensex up 229 points at 37,892 and Nifty advances 60 points to 11,162
- Monetary policy transmission has improved considerably
