Monitory policy report

• The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021.
• It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance. Unchanged Policy Rates:
•     Repo Rate - 4%.
•     Reverse Repo Rate - 3.35%.
•     Marginal Standing Facility (MSF) - 4.25%.
•     Bank Rate- 4.25%.
• Revised the projection for Consumer Price Index (CPI) inflation to 5.3% from 5.7% in August 2021.
• Real Gross Domestic Product (GDP) growth for 2021-22 has been retained at 9.5%.