RBI Financial Coverage Highlights: RBI plans liquidity bonanza with Rs 1.2 lakh cr GSAP 2.0; retains repo charge unchanged

Reserve Financial institution of India Governor Shaktikanta Das will shortly announce the end result of the second bi-monthly MPC meet.
(Picture: REUTERS)

RBI MPC Highlights: The Financial Coverage Committee has saved coverage charges unchanged as soon as once more at its bi-monthly evaluate. The Repo charge has been maintained at 4% whereas the reverse repo charge is at 3.35%. Coverage stance has been maintained at accommodative by the central financial institution in an effort to take care of liquidity within the system because the nation continues to recuperate from the covid-19 pandemic and its financial implications. Anticipating some influence on the economic system of the second covid-19 wave, RBI has trimmed the expansion forecast for Monetary 12 months 2021-22 to 9.5% from the sooner 10.5%. The central financial institution has stepped up its efforts to make sure liquidity within the system with one other GSAP value Rs 1.2 lakh crore deliberate for this fiscal 12 months. 

https://www.financialexpress.com/economic system/reserve-bank-of-india-monetary-policy-committee-live-mpc-outcome-today-repo-rate-reverse-repo-rate-economic-outlook-shaktikanta-das/2264860/