RBI's debt policy announcement no change in interest rates

RBI's debt policy announcement, no change in interest rates

RBI's debt policy announcement, no change in interest rates


RBI has not made any changes in interest rates while declaring its debt policy today. According to the expectation, RBI has kept the repo rate, the reverse repo rate at the earlier levels. Let us know that the meeting of the Six-member Monetary Policy Committee (MPC), headed by Governor of India, Urjit Patel, was held on February 6 and 7. The bank retained the repo rate of 6% and the reverse repo rate at 5.75%.


The Reserve Bank of India today said that GST is stabilizing, economic activities are on the rise and there are early signs of improvement in investment. At the same time, the Reserve Bank has reduced economic growth rate from 6.7 to 6.6 percent for 2017-18. The growth rate in the next financial year is estimated to be 7.2 percent.


Most experts were also of the view that considering the rise in inflation, the rise in oil prices and the support for the government's crop support, the standard policy rate can be avoided. Explain that RBI did not make any changes in the standard policy rate in view of the monetary policy review in December, fearing an increase in inflation. In addition, the economic growth rate for the current financial year was reduced to 6.7 percent. The central bank reduced policy rate repo by 0.25 percent to 6 percent in August, which is the minimum level of six years.
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