On Friday, April 8, the Governor of the Reserve Bank of India, Shaktikanta Das revealed the results of the monetary policy committee (MPC). The repo rates for the banks have been kept unchanged at 4%. The reverse repo rate has been increased to 3.75% from 3.35%.
This is the 11th time in a row that the repo rate has been kept unchanged. The repo rate have been last edited in May 2020 & since then it has remained at 4%.
“Monetary Policy Committee met on 6th, 7th and 8th April. Based on an assessment of the macro-economic situation and the outlook, MPC voted unanimously to keep the Policy Repo Rate unchanged at 4%,” said the governor.