RBI Governor Shaktikanta Das has taken many important decisions in the three-day long Monetary Policy Meeting (MPC meeting), which is going to have a direct impact on public. After the three-day meeting, today Shaktikanta Das said that the repo rate will remain unchanged at 4 percent, that is, there has been no change in the interest rates. At the same time, the reverse repo rate is 3.35 percent.
1. The key policy rate repo has remained unchanged for the 10th time in a row at 4 per cent. Apart from this, the reverse repo rate has remained stable at 3.35 percent.
2. The GDP growth rate is estimated to be 7.8 per cent for the next financial year as against 9.2 per cent in the current fiscal.
3. The revival is taking place in India in a different way than the rest of the world. Apart from this, India will be the fastest growing economy in the country.
4. RBI will continue to take a lenient stance for growth revival as the pandemic continues to hit the global economy.
5. Retail inflation is projected at 5.3 per cent in the current financial year and 4.5 per cent in the financial year 2022-23.
6. Inflation will remain at a high level of satisfactory range in the current quarter. At the same time, it will soften from the second half of the next financial year.
7. The risk of increasing inflation due to increase in crude oil prices in the global market.
8. The Indian rupee has shown strength.
In the current financial year, the current account deficit will be less than two percent of the GDP.
9. 50,000 crores of ever-accessible cash facility for healthcare, connectivity based sectors.
10. E-Rupay digital voucher limit increased from Rs 10,000 to Rs 1 lakh and allowed for use in various sectors.
11. The next meeting of the Monetary Policy Committee (MPC) will be held on April 6-8.