Monetary Policy | RBI continues its flexible approach

Between a fixed rate policy signal (or a reverse repo rate hike) and variable reverse repos, the MPC has opted for the latter to retain its flexibility to tweak short-term rates.

Contrary to what economists and market participants were expecting, the Monetary Policy Committee (MPC) preferred to stay put on February 10 on policy rates and policy stance (accommodative), and retained the existing wide corridor between the repo and reverse repo rate.

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Source: Money Control