RBI keeps repo rate unchanged at 4% for 3rd time

December 04, 2020 10:19

Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent, says RBI Governor Shaktikanta Das. "The Marginal Standing Facility (MSF) rate and the bank rate remain unchanged at 4.25%. The reverse repo rate remains unchanged at 3.35%. MPC decided to continue with accommodative stands of monetary policy as long as necessary, at least till current financial year & into next year to revive growth on a durable basis & mitigate the impact of COVID-19 while ensuring that inflation remains within target."

« Back to LIVE

TOP STORIES

Prajwal Revanna booked for rape, says CM Siddaramaiah

He said he has directed police to identify, trace and secure the victims in view of the alleged kidnapping of a victim at Krishnaraja Nagar town in Mysuru district.

Why BJP, Shinde Sena are courting Raj Thackeray

The BJP and Shiv Sena, which along with Ajit Pawar's Nationalist Congress Party comprise the ruling Mahayuti, for some time now have been courting Thackeray, who founded the MNS in 2006.

Ricky Ponting reveals son's secret IPL ritual

Ricky Ponting opens up on his son's love for the sport

Sensex tumbles 733 points amid broad-based selloff; Nifty slips from record

From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.

Chhattisgarh liquor scam: ED attaches assets of accused worth Rs 205 cr

The attached properties include 14 assets of Tuteja worth Rs 15.82 crore, 115 properties of Anwar Dhebar, the elder brother of Raipur Mayor and Congress leader Aijaz Dhebar, worth Rs 116.16 crore, properties of Vikash Agarwal alias Subbu...