RBI monetary policy Live Updates: RBI monetary policy Committee of the Reserve Bank of India kept the repo rate unchanged at 4 percent for the sixth consecutive policy, maintains an accommodative stance amid uncertainty about the economic fallout of the second COVID-19 wave and rising inflation. The reverse repo rate is also unchanged at 3.35 percent. MSF and Bank rate also maintained at 4.25 percent
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Check live updates here.
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10:27 (IST) Jun 04

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RBI to buy Rs 40,000 crore of government securities on June 17; Rs 1.20 lakh crore G-Sec to be purchased in Q2: Reserve Bank governor

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10:20 (IST) Jun 04

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RBI governor in inflation

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Recent fall in inflation provides elbow room and policy support from all sides required to regain growth momentum: Shaktikanta Das

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Jun 4, 2021,10:18

Global demand condition is expected to improve with fiscal stimulus and higher vaccination: RBI Governor Shaktikanta Das

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Jun 4, 2021,10:16

CPI inflation breakdown

– 5.2% in Q1 (retained)

– 5.4% in Q2 (vs 5.2% forecast earlier)

– 4.7% in Q3 (vs 4.4% forecast earlier)

– 5.3% in Q4 (vs 5.1% forecast earlier)

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10:15 (IST)04 JUN 2021

GDP forecast trimmed by RBI

The Reserve Bank of India has cut growth projections for the financial year 2021-22 from 10.5% to 9.5%.

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10:10 (IST)04 JUN 2021

Limited economic impact of second wave

Unlike the first wave when we came to a standstill, the hit to economic activity is expected to be limited in the second wave, said Shaktikanta Das. Urban demand, as reflected in some high-frequency indicators recorded sequential moderation, he added.

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10:05 (IST) Jun 04

RBI maintains status quo

The Reserve Bank of India (RBI) on Friday decided to keep key lending rate or repo rate unchanged for the sixth consecutive time in its June policy review meeting. The monetary policy committee (MPC), headed by governor Shaktikanta Das, retained repo rate at 4 per cent and reverse repo rate at 3.35 per cent.

.Jun 4, 2021: 10:02

RBI POLICY ANNOUNCEMENT STARTS