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RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System

The policy decision comes at the end of first meeting of six-member MPC after Budget 2021.
The policy decision comes at the end of first meeting of six-member MPC after Budget 2021.
"Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021/22, we would undo the damage that COVID-19 has inflicted on the economy," Reserve Bank of India Governor Shaktikanta Das said after announcing the rate decision. The Reserve Bank has slashed its key lending rate i.e. repo rate by 115 basis points since March 2020 to cushion ...
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