RBI keeps repo rate unchanged at 4%, reverse repo at 3.35%

The Reserve Bank of India kept repo rate unchanged at 4% and repo rate unchanged at 3.35%. “Reserve Bank of India keeps repo rate unchanged at 4%, maintains accommodative stance. The RBI keeps reverse repo rate at 3.35%. The Economic activity has broadly evolved along the lines of the Monetary Policy Committee's expectations in June and the economy is recovering from the setback of the second phase of Covid-19,” said RBI Governor Shaktikanta Das.