12 April, 2021
RBI in its April 2021 monetary policy continues with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19.
The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25% and the reverse repo rate stands unchanged at 3.35%.
The rates were left unchanged to boost Public investment in key infrastructure sectors, which is a force multiplier with a historically proven ability to revive the broader economy by directly enhancing capital stock and productivity, and by attracting private investment
Reserve Bank is optimistic about a pick-up in demand and expansion of business activity into the financial year 2021-22.
Economic activity is normalising in spite of the surge in infections. It can be seen in:
New issue: A surge in New cases raises uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments.
India is prepared to meet the challenges posed by this resurgence in infections through its
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.