Business & Tech

RBI maintains status quo, keeps repo rate unchanged at 5.15%

The Reserve Bank of India, RBI in its sixth and last bi-monthly Monetary Policy for FY 19-20 on Thursday maintained a status quo on policy rates, despite the economic slowdown.

The policy repo rate remains unchanged at 5.15 percent under the Liquidity Adjustment Facility (LAF). Consequently, the reverse repo rate under the LAF remains unchanged at 4.90 percent and the Marginal Standing Facility (MSF) rate and the Bank Rate at 5.40 per cent.

The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of plus or minus 2 per cent, while supporting growth. The six-member Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das unanimously voted for a status quo.

ANN News

ANN News is the first and only 24*7 Tv News Channel of Kashmir, having its headquarters at Srinagar. ANN News is available on all leading cable Networks, Also Available On JIO Tv , Vodafone,TataPlay , Candor Network, Dailyhunt and other leading Platforms

Leave a Reply

error: Content is protected !!