New Delhi: RBI Governor Shaktikanta Das on Friday announced its Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 percent.
"Reserve Bank of India keeps repo rate unchanged at 4 percent and maintains accommodative stance," Das said while addressing a press conference.
"RBI keeps reverse repo rate at 3.35 percent," Das said.
Address by Shri Shaktikanta Das, Governor, Reserve Bank of India https://t.co/Tg3cZRQoMd— ReserveBankOfIndia (@RBI) August 6, 2021
Das made the announcement at a time when India is combating the second wave of the COVID-19 virus.
There are fears across the nation that a third wave of the COVID-19 pandemic may hit the nation later.