Das said MPC members voted unanimously to hold rates and retain the stance. The key lending rate of the RBI or the repo rate was left unchanged at 4 per cent while the reverse repo rate or the key borrowing rate stayed at 3.35 per cent. The MPC sees inflation in the current quarter at 6.8 per cent before cooling slightly to 5.8% in the Jan-March quarter. The October projections for H2 FY21 were for inflation between 5.4 per cent-4.5 per cent. “An accommodative liquidity stance will ensure access to liquidity will not be a challenge and the ongoing recovery continues to gather steam,” said Ashish Shanker, head of investment at Motilal Oswal Private Wealth Management.

Source: Dhaka Tribune December 05, 2020 18:23 UTC