Central bank’s take on economy

The RBI lowered the country’s growth forecast by 1 percentage point for the current financial year in view of the uncertainties created by the second Covid wave

INTEREST RATE UNCHANGED

The RBI's Monetary Policy Committee, kept the policy rate unchanged at 4% for the sixth time in a row, and indicated that it would continue to do whatever is needed to support growth. The reverse repo rate, or the borrowing rate, was also left unchanged at 3.35%.

₹1.2 lakh crore

of additional liquidity will be pumped into the system by RBI this financial year through government bond purchases