RBI RBI keeps rates unchanged
Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the key rates unchanged at its bi-monthly review to maintain liquidity as the country continues to recover from the Covid-19 pandemic and its economic implications.
The Repo rate has been maintained at 4 per cent while the reverse repo rate is at 3.35 per cent.
Announcing the monetary policy, RBI Governor Shakti Kanta Das said the spread of Covid infection in rural areas and dent of consumption demand in urban areas pose downside risk to growth.
The rising crude prices is worsening economic conditions.
Even rural demand is expected to remain strong going forward on the back of a normal monsoon, the RBI Governor said.
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