Photo: The Economic Times
RBI Monetary Committee Keeps Repo Rate At 4%; Expects Economic Recovery by Q4
The RBI Monetary Planning Committee has decided to continue the repo rate of 4%. RBI Governor ShaktiDas on October 9 said that the Indian economy was entering a "decisive phase" due to the pandemic. He added that owing to the pandemic, a economic contraction of 9.5% for the fiscal year is expected and opined that the economy would see positive growth by the fourth quarter of this fiscal year.
Tags: RBI, repo rate, monetary policy committee, Covid-19
Courtesy: The Indian Express
Photo: DNA India
Three Economists Appointed To RBI's Monetary Policy Committee
Three economists - Ashima Goyal, Jayanth R Varma, and Shashanka Bhide - have been appointed as the new independent members of the RBI's Monetary Policy Committee (MPC). The Union Government appoints independent members for the committee, which is responsible for maintaining price stability, and deciding the repo rate to control inflation. The other members of the six-member committee include the RBI governor, deputy governor and an official… read-more
Tags: RBI, monetary policy committee, Central Government, repo rate
Courtesy: Livemint
