RBI The central bank has maintained the repo rate at 4 percent and the reverse repo rate at 3.35 percent, Reserve Bank Governor Shaktikant Das said at the end of a two-month Monetary Policy Committee (MBC) review that began on Wednesday.
Among personal funds, Bajaj FinServe, Bajaj Finance, Axis Bank and HDFC Bank each rose 0.5-1.5 per cent on the BSE. At Auto Space, Tata Motors has extended its star rise with a profit of more than 1 percent. On the other hand, Maruti Suzuki, M&M and Bajaj Auto are trading at a loss of up to 1 per cent each.
When the Govt-19 epidemic first rocked the country, the Reserve Bank cut its policy rates on May 22, 2020 in an off-policy cycle.
Reserve Bank Governor Shaktikant Das has set a growth rate of 9.5 per cent for fiscal year 2021-22.
On the inflation front, Mr. Das forecast the CPI inflation at 5.3 per cent for the current year, while the central bank promised to ensure that inflation stays within the target range of 2-6 per cent.