RBI Monetary Policy 2021 Live Updates: MPC keeps rates unchanged, stance accomodative. Real GDP is seen at 9.5 percent in FY21-22. CPI inflation is seen at 5.1 percent FY21-22, RBI Governor Shaktikanta Das said.
RBI Monetary Policy Committee: In line with expectations, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the RBI’s central bank’s Monetary Policy Committee (MPC) has decided to maintain status quo and keep its stance accomodative. This is the sixth consecutive time rates have been unchanged. In a virutual address on June 4, Das said this comes amid economic impact due to the second wave of coronavirus cases in India, expectation of a normal monsoon, ability of businesses to adapt to pandemic working and need to maintain adequate liquidity in the economy.