INSUBCONTINENT EXCLUSIVE:
The RBI has kept the key policy rates unchanged since May 2020The Reserve Bank of India's rate-setting panel Monetary Policy Committee
(MPC) is likely to maintain the status quo on key interest rates and continue its accommodative policy stance on account of inflationary
accommodating to support the nascent recovery, in the upcoming MPC
We also expect it to sound a cautionary note and emphasise the need to closely monitor the situation,'' said Dr M Govinda Rao, Chief
2021, targeted the retail inflation at 5.1 per cent for the current fiscal.''Despite the inflation rate surpassing the upper range of the
target and surplus liquidity in the market, MPC members had unanimously voted to keep policy rates low to support growth momentum in the
previous policy meeting,'' said Dr Rao.''We do not see any change in the forthcoming meeting from this stance, though the MPC may assure
markets that the inflationary situation will be closely monitored,'' he added.RBI Governor Shaktikanta Das will announce the policy decision
monetary policy review for the financial year 2021-22, conducted by the six-member monetary policy committee and headed by the RBI
