Finance
RBI Monetary Policy Repo Rate Updates: Today, the Reserve Bank of India (RBI) released its fourth bi-monthly monetary policy statement. On October 4, Governor Shaktikanta Das convened a three-day meeting. The central bank opted to maintain the repo rate at 6.50 percent and its stance of “withdrawal of accommodation.” The governor of the RBI stated, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s Monetary Policy Committee decided unanimously to keep the Policy Repo Rate unchanged at 6.5 per cent.”
“Macroeconomic stability and inclusive growth are the fundamental principles underlying our country’s progress. The policy mix that we have pursued during recent years of multiple and unparalleled shocks has fostered macroeconomic and financial stability,” he said.
The Monetary Policy Committee agreed to hold the key policy repo rate constant at 6.5 percent during the most recent MPC announcement, maintaining the status quo for the third time in a row. The MPC has opted to maintain the benchmark repo rate unchanged for the fourth time.
We will watch evolving trends on liquidity and notify OMO as and when it becomes necessary, do not propose to announce any OMO calendar at the moment, said RBI Governor.
