Lagatar24 Desk
New Delhi, April 8: The Reserve Bank of India’s policy rates has remained unchanged at 4%. Shaktikanta Das, the governor of the central bank, said the RBI has effectively navigated its way through choppy seas. With the start of the European conflict, we are up against new and massive challenges. The disagreement within the European Union has the potential to undermine the global economy.
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, unanimously chose to keep the repo rate at 4%. The reverse repo rate is kept at 3.35 percent by the MPC committee.
“Strong buffers, such as big forex reserves, significant improvement in external indicators, and banking sector strengthening, have reassured us during the last few years. We at the RBI are resolute and ready to steer the economy out of the current quagmire,” said Das.
Since the last meeting, the geopolitical circumstances have exceeded the projected benefits of the ebbing of Omicron. Introduce a Standing Deposit Facility as the cornerstone of the Liquidity Adjustment Facility corridor. The likelihood of a large impact on global output across regions has increased as global inflation estimates have raised. Cost pressures and supply chain disruptions are expected to endure, according to the governor of the Reserve Bank of India.
