RBI Monetary Policy | RBI raises interest rates to 4 per cent, reverse repo rate to 3.35 per cent
Mumbai: RBI Governor Shaktikant Das on Wednesday announced a credit policy and kept interest rates unchanged. The repo rate is 4 per cent and the reverse repo rate is 3.35 per cent. While the Corona period has already had a negative impact on the economy, there is currently no change in it as interest rate changes are likely to hamper growth. At the same time, the GDP growth rate is expected to be 10.5 per cent for the year 2021-22.
At present, interest rates are expected to rise due to rising inflation. But even this time, there has been no change in interest rates, which has come as a relief to borrowers. & Nbsp;
& mdash; ReserveBankOfIndia (BIRBI) April 7, 2021
RBI Governor Shaktikant Das said, "The country’s economy is also improving in the Corona situation. There is a bit of uncertainty considering the number of corona patients currently growing. But our country is ready to face this crisis."
Given the current Corona situation in the country, some experts have said that the RBI will not change its credit policy. He also said that it was unaffordable to change the credit policy at a time when the number of corona patients in the country was increasing. & Nbsp;
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