During the Monetary Policy meet, the MPC analysed … 10,000 crores have been announced by RBI to NHB and NABARD. RBI Governor Shaktikanta Das said the committee unanimously voted to keep rates unchanged, and decided to maintain its accommodative monetary policy stance to support growth amid the pandemic. Second Monetary Policy for 2020-21 The Monetary Policy Committee (MPC) of the Reserve Bank of India at its meeting held on August 6, 2020, on the basis of an assessment of the current and evolving macroeconomic situation decided to: i) Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. RBI Policy LIVE Updates: Reserve Bank of India's Monetary Policy Committee (MPC) has kept repo rate unchanged at 4%, reverse repo maintained at 3.35% and … RBI Governor Shaktikanta Das said the committee unanimously voted to keep rates unchanged and decided to maintain its accommodative monetary policy … An additional liquidity at repo rate of about Rs. 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 +/- 2 per cent, while supporting growth. At the end of a three-day MPC meeting, RBI Governor Shaktikanta Das announced its second bi-monthly monetary policy statement for 2019-20. Recent Updation in the Monetary Policy 2020. RBI Monetary Policy 2020: The Monetary Policy Committee of the Reserve Bank of India Friday kept the repo rate unchanged at four per cent. The members of the Reserve Bank of India's fifth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday that is 4th December.The MPC is meeting at a time when the Indian economy is trying hard to come out of stagflation, i.e., a situation where the economy is experiencing a simultaneous increase in inflation and … The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. The Monetary Policy Committee of the Reserve Bank of India Friday kept the repo rate unchanged at four per cent. RBI monetary policy committee voted to keep the repo rate unchanged which will provide support to the revival of economy. A day after Friday’s monetary policy announcement, the Times of India headline read: ‘RBI cuts repo rate to a 9-year low, growth estimate to a 7-year low.’ Put simply, what that means is that the Reserve Bank of India ( RBI ) has thrown everything, bar the kitchen sink, at the economy in a bid to get its wheels churning once again. The meeting was advanced to 20th, 21st and 22nd May 2020. Reverse repo-rate reduced by 90 basis points to 4%.’’ He added that the RBI Monetary policy committee voted 4:2 majority to cut 75 basis points to … An expert committee on monetary reforms headed by Late Prof. S. Chakravarty suggested 4 per cent rate of inflation as a reasonable rate of inflation and recommended that monetary policy by RBI should be so formulated that ensures that rate of inflation does not exceed 4 per cent per annum. Recent Developments in the Monetary Policy. This was announced by RBI Governor who said, “Repo rate has been reduced by 75 basis points to 4.4.%. In view of the COVID-19 pandemic, the Reserve Bank of India’s Monetary Policy Committee (MPC) decided to advance the Bi-monthly Monetary Policy meet which was scheduled to be held on 03rd June 2020 and the announcement was meant to be made on 05th June 2020.