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  title  Market News Updates
MPC Meet: RBI maintain status quoPosted on: 11/08/2020 10:22 am
RBI in its bi monthly policy meet which concluded on 6th August, unanimously voted for a status quo on policy rates as inflation concerns made a comeback. The Repo rate and the reverse repo rate were retained at 4% and 3.35% respectively. No fresh monetary measures were announced in the policy, however RBI came up with the one-time loan restructuring plan specifically for Covid related stressed bank assets (corporate and personal loans).