Reserve Bank of India (RBI) governor Shaktikanta Das will at 10am on Friday announce the decisions of the central bank’s Monetary Policy Committee (MPC), which is likely to keep the repo rate and reverse repo rate unchanged at 4% and 3.35% respectively for the sixth consecutive time. “Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10 am on June 4, 2021. Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10:00 am on June 04, 2021YouTube: https://t.co/c4TBWlvv8DPost policy press conference telecast at 12:00 noon on the same dayYouTube: https://t.co/hBcQU0soRJ#rbipolicy #rbigovernor — ReserveBankOfIndia (@RBI) June 3, 2021MPC, which is the RBI’s rate-setting panel, began its three-day deliberations on the monetary policy on June 1. Also Read | Repo rate, reverse repo rate remain same; 'Local lockdowns could hit demand,' says RBISubsequently, the country’s daily Covid-19 caseload also breached the 400,000-mark. “Hence, the RBI is likely to continue with its accommodative monetary policy stance.

Source: Hindustan Times June 04, 2021 01:59 UTC