On June 4, 2021, RBI Governor Shaktikanta Das announced that repo rates and reverse repo rates would remain unchanged at 4% and 3.35% respectively. This announcement came after the Reserve Bank of India’s Monetary Policy Committee (MPC) scheduled from June 2, 2021 to June 4, 2021. This is the sixth consecutive time where the RBI maintained a status quo on repo rates. The repo rates have remained unchanged so that inflation can be kept under check, and close to MPC’s 4% target. Additionally, these measures can help in infusing liquidity in the market, given the current frail economic climate.
As repo rates remain unchanged, invest in a Bajaj Finance online FD
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