{"id":4556,"date":"2021-04-07T00:55:32","date_gmt":"2021-04-06T19:25:32","guid":{"rendered":"https:\/\/yourcareerheights.com\/?p=4556"},"modified":"2021-04-18T01:01:28","modified_gmt":"2021-04-17T19:31:28","slug":"monetary-policy-review-dt-7th-april-2021","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=4556","title":{"rendered":"Monetary Policy Review dt. 7th April 2021"},"content":{"rendered":"
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The Monetary Policy Committee (MPC) met on 5th, 6th and 7th April, 2021 and deliberated on current and evolving macroeconomic and financial developments, both domestisocial things c and global.
\nThe Reserve Bank of India's (RBI's) six-member monetary policy committee, headed by Governor Shaktikanta Das, announced the outcome of its bi-monthly monetary policy review today ie on 7th April 2021. Due to\u00a0the rise in the spread of coronavirus and the imposition of fresh restrictions to contain the virus spread, the\u00a0RBI\u00a0decided to maintain status quo on the benchmark repo rate \u2014 the rate at which the central bank lends short-term funds to banks \u2014 at 4 per cent. It also kept the accommodative monetary stance unchanged today to nurture a fragile economic recovery.<\/h3>\n

The policy announcement, the first for the fiscal, will come days after the government maintained the RBI's target to ensure\u00a0inflation\u00a0to be within 2-6 per cent band for five more years.\u00a0Policy repo rate or the short-term lending rate is currently at 4%, and\u00a0reverse repo rate\u00a03.35%.<\/strong><\/p>\n

Here are the KEY HIGHLIGHTS of RBI Monetary Policy 2021 and top 11 points by Governor Shaktikanta Das:-<\/strong><\/p>\n

1 RBI maintains status quo fifth time in a row on policy rate; keeps repo unchanged at 4%<\/p>\n

2 Central bank to maintain accommodative monetary policy stance to support growth, keep inflation at targeted level: RBI Guv<\/p>\n

3 Recent surge in COVID-19 infections has created uncertainty over economic growth recovery, says RBI Governor.<\/p>\n

4 Focus must be on containing spread of virus and economic recovery, says RBI Guv<\/p>\n

5 RBI retains economic growth for 2021-22 fiscal at 10.5 per cent in 2021-22 fiscal's first monetary policy<\/p>\n

6 Central Bank to ensure ample liquidity in system so that productive sector gets adequate credit<\/p>\n

7 RBI to ensure orderly conduct of government borrowing; preserve financial stability<\/p>\n

8 RBI will continue to do whatever it takes to preserve stability and to insulate financial firms from global spillovers<\/p>\n

9 RBI announces Rs 50,000 cr additional liquidity facility to NABARD, NHB and SIDBI for fresh lending during 2021-22<\/p>\n

10 RBI enhances aggregate ways and means advances limits to states to Rs 47,010 crore.<\/p>\n

11 To tide over COVID crisis, RBI extends enhanced interim ways and means advances of Rs 51,560 crore to states till September.<\/p>\n

12 In order to maintain adequate liquidity, for the year 2021-22, RBI decided to put in place what is termed as a secondary market G-sec acquisition programme or G-SAP 1.0<\/strong><\/em>, to give it a distinct character. The first purchase of government securities for an aggregate amount of \u20b925,000 crore under G-SAP 1.0 will be conducted on April 15, 2021.<\/p>\n

Please click here for :Governor\u2019s Statement, April 7, 2021<\/a> &\u00a0Resolution of the Monetary Policy Committee (MPC) April 5-7, 2021<\/a><\/p>\n

source: rbi.org.in, Indian Express, Business Standard, Business Line<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

The Monetary Policy Committee (MPC) met on 5th, 6th and 7th April, 2021 and deliberated on current and evolving macroeconomic and financial developments, both domestic and global. The MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent. It also unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. The marginal standing facility (MSF) rate and the bank rate remain unchanged at 4.25 per cent. The reverse repo rate stands unchanged at 3.35 per cent.<\/p>\n","protected":false},"author":1,"featured_media":4447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38,339,65,936,323,760,337,45,338,1],"tags":[64,514,40],"class_list":["post-4556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-crr","category-monetary-policy","category-monetary-policy-committee-mpc","category-mpc","category-on-tap-licensing","category-policy-rates","category-rbi","category-slr","category-uncategorized","tag-monetary-policy","tag-mpc","tag-rbi"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2020\/11\/RBI-mono.jpg?fit=151%2C85&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4556"}],"version-history":[{"count":3,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4556\/revisions"}],"predecessor-version":[{"id":4559,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4556\/revisions\/4559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/4447"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}