Reserve Bank of India’s Governor Shaktikanta Das will announce the bi-monthly monetary policy on tomorrow at 10 am. After the Monetary Policy announcement, Governor would interact with media persons at 12.00 noon through Video Conferencing.
The meeting of the RBI’s Monetary Policy Committee (MPC) began its bi-monthly meeting yesterday. In the last meeting RBI has not changed interest rates and decided to keep an accommodative stance to mitigate the impact of Covid 19 and until growth is revived on a durable basis.
At present repo rate is at 4 percent and the reverse repo rate at 3.35 percent.