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RBI announced its Bi-Monthly Monetary Policy

Published on August 07, 2021
Current Context: The Reserve Bank of India (RBI) has announced its August bi-monthly monetary policy.
RBI announced its Bi-Monthly Monetary Policy
  • 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%

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