The Reserve Bank of India’s six-member monetary policy committee was headed by Governor Shaktikanta Das today. He announced the outcome of its bi-monthly monetary policy review.
RBI’s Monetary Policy Committee kept its repo rate unchanged at 4 percent. While maintaining an ‘accommodative stance’ at least through the current financial year to the next year, the decisions were taken unanimously.
The central bank also sees FY22 GDP growth at 10.5 percent. The inflation has also eased below the level of 6 percent. “The signs of recovery have strengthened further and list of normalizing sectors is expanding”, Mr Das said.
This was 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.