- As per the rates, the Monetary Policy Committee (MPC) has maintained the status quo for the seventh consecutive time.
- Members of MPC: Shaktikanta Das (Chairperson of the committee), Dr Michael Debabrata Patra, Dr Mridul K. Saggar, Prof. Ashima Goyal, Dr Shashanka Bhide and Prof. Jayanth R Varma.
- The RBI has kept the repo rate unchanged i.e. to 4%.
- The reverse repo rate is also kept unchanged to 3.35%.
- The Marginal Standing Facility Rate is kept at 4.25%, Bank rate is kept at 4.25%.
- The CRR is kept at 4% and the SLR is at 18%.
- The unhanged policy rates will help to promote growth within the framework of financial stability.
- The inflation rate for FY22 is raised to 5.7% from 5.1% which was announced earlier.
- The MPC also announced to conduct two more auctions of Rs 25,000 crore each in Aug 2021 under G-sec Acquisition Programme.
- Static Part:
- HQ of RBI: Mumbai
Question:
Q.1 As per the RBI’s August bi-monthly monetary policy rates, the Marginal Standing Facility Rate stands at ____?
a. 5.5%
b. 4%
c. 3.35%
d. 4.25%
a. 5.5%
b. 4%
c. 3.35%
d. 4.25%
