| RBI Maintains Status Quo on Policy Rates in Feb MPC Meet | Posted on: 05/02/2021 5:26 pm |
| RBI in its policy decision announced today, kept key policy rate unchanged, while continuing with an accomodative stance to support a durable recovery in growth. RBI revised its CPI inflation projection for Q4 FY21 to 5.2% from 5.8% projected in the December policy meet. RBI expects real GDP growth at 10.5% in FY 2021-22. As a part of normalisation of liquidity measures, RBI announced restoration of CRR cut in two phases from 3% currently to 4% by 22nd May 2021. |
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