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Monetary Policy Report: RBI

Monetary Policy Report: RBI

The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021.

  • It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance till the recovery is durable.

Unchanged Policy Rates:

  • Repo Rate – 4%.
  • Reverse Repo Rate – 3.35%.
  • Marginal Standing Facility (MSF) – 4.25%.
  • Bank Rate- 4.25%.

GDP Projection:

  • Real Gross Domestic Product (GDP) growth for 2021-22 has been retained at 9.5%.

Inflation:

  • RBI has revised the projection for Consumer Price Index (CPI) inflation to 5.3% from 5.7% in August 2021.

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