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RBI Monetary policy LIVE updates: RBI likely to keep rates unchanged
RBI Monetary policy LIVE updates: This will be the first meeting of the MPC since FM Nirmala Sitharaman presented Budget 2021 in the Lok Sabha on February 1. Stay tuned for all the LIVE updates
Topics
RBI monetary policy | Monetary policy committee meeting | Reverse Repo Rate
BS Web Team |
Last Updated at February 5, 2021 08:41 IST
EVENT HIGHLIGHTS
RBI
RBI monetary policy live updates: The Reserve Bank of India's (RBI's) six-member monetary policy committee, headed by Governor Shaktikanta Das, is scheduled to announce the outcome of its bi-monthly monetary policy review today. According to money market analysts, the central bank could maintain the status quo on the benchmark repo rate — the rate at which the central bank lends short-term funds to banks — at 4 per cent. However, a cooling in inflation has led to expectations of a rate cut in certain quarters. The RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
The central bank has lowered its policy rates by a cumulative 110 basis points since March last year
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The central bank has lowered its policy rates by a cumulative 110 basis points since March last year
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This will be the first meeting of the six-member MPC since Finance Minister Nirmala Sitharaman presented Budget 2021 in the Lok Sabha on February 1, amid the Covid-19 pandemic.
Stay tuned for RBI Monetary policy LIVE updates
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