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"reverse-repo-rate"
Status quo to boost growth
The differentiating aspect of the current monetary policy review is the convincing optimism that can propel market sentiments
RBI maintains status quo third time in a row; policy rate unchanged at 4 pc
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with Reserve Bank of India (RBI).
Monetary policy to pump growth
RBI’s data-backed forward view should be able to reinforce confidence in entrepreneurs to stimulate economic activities
Real GDP likely to decline by 9.5% in FY21: RBI
The Monetary Policy Committee decides to keep repo and reverse repo rates unchanged
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