{"id":2208,"date":"2021-02-05T06:50:12","date_gmt":"2021-02-05T06:50:12","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=2208"},"modified":"2021-02-05T06:52:34","modified_gmt":"2021-02-05T06:52:34","slug":"rbi-maintains-status-quo","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2021\/02\/rbi-maintains-status-quo\/","title":{"rendered":"RBI maintains status quo"},"content":{"rendered":"<h2>RBI Governor Shaktikanta Das announced that RBI voted to keep interest rates unchanged and continue with the accommodative stance to support growth.<\/h2>\n<p>Mumbai: Continuing the accommodative stance, the Reserve Bank of India on Friday kept the key rates unchanged for the fourth time in a row.<\/p>\n<p>The Repo rates stand unaltered at 4 percent and reverse repo at 3.35 percent respectively.<\/p>\n<p>Announcing the bi-monthly policy, RBI Governor Shaktikanta Das indicated more rate cuts in the future in order to support the economy hit by the Coronavirus (Covid-19) pandemic.<\/p>\n<p>Meanwhile, the reverse repo rate will also continue to earn 3.35 percent for banks for their deposits kept with the RBI.<\/p>\n<p>The MPC of the RBI voted to keep interest rates unchanged and continue with the accommodative stance to support growth.<\/p>\n<p>The RBI Governor said that inflation had returned to a tolerance band (of 4 percent). He further said that the outlook on growth had turned positive and signs of recovery had also strengthened further.<\/p>\n<p>The GDP growth was projected at 10.5 percent for the next fiscal, Das said that the Budget had provided an impetus to health and infra sectors.<\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2021\/02\/rbi-maintains-status-quo\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>RBI Governor Shaktikanta Das announced that RBI voted to keep interest rates unchanged and continue with the accommodative stance to support growth. Mumbai: Continuing the accommodative stance, the Reserve Bank of India on Friday kept the key rates unchanged for the fourth time in a row. The Repo rates stand unaltered at 4 percent and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2210,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,45],"tags":[480,1133,1135,1134],"class_list":{"0":"post-2208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-india","9":"tag-mumbai","10":"tag-rbi","11":"tag-repo-rates","12":"tag-shaktikanta-das"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RBI maintains status quo<\/title>\n<meta name=\"description\" content=\"RBI| Continuing the accommodative stance, the Reserve Bank of India on Friday kept the key rates unchanged for the fourth time in a row.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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