(Video) Rajya Sabha TV (RSTV) The Big Picture: RBI Monetary Policy Review
Topic: RBI Monetary Policy Review
Guest:
- Ashok Kumar Jha, (Former Secretary, Ministry of Finance, GoI)
- Prof. Aman Agarwal, (Director, Indian Institute of Finance)
- A.K. Bhattacharya, (Editorial Director, Business Standard)
Topic Description:
RBI announced monetary policy review on Friday. Interest rates have remained unchanged for the fourth time in a row. While Repo rate is kept unchanged at 4 %, the reverse repo rate is at 3.35 %. The projection for CPI inflation has been revised to 5.2 % in Q4:2020-21, 5.2 % to 5.0 % in H1:2021-22 and 4.3 % in Q3: 2021-22. GDP growth is projected at 10.5 per cent in 2021-22 – in the range of 26.2 to 8.3 per cent in H1 and 6.0 per cent in Q3.
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Courtesy: RSTV