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RBI to announce its final bi-monthly monetary policy review for financial year 2020-21 tomorrow

The Reserve Bank will announce its final bi-monthly monetary policy review for the financial year 2020-21 tomorrow.

The Reserve Bank will announce its final bi-monthly monetary policy review for the financial year 2020-21 tomorrow.

The meeting of the six member Monetary Policy Committee headed by RBI Governor Shaktikanta Das will conclude tomorrow morning with the policy announcement scheduled for 10 am. Mr. Das is also scheduled to address a press conference at 12 noon.

It may be recalled that the committee has kept the interest rates unchanged in its last three reviews, maintaining repo rate at 4 per cent and the reverse repo rate at 3.35 per cent. The RBI had last revised its policy rate on 22nd May, 2020; to perk up demand by cutting interest rate to a historic low.

RBI can take support from the Economic Survey which expects a rebound of the economy with a 11 per cent growth in the next fiscal.

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