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RBI Monetary Policy Committee LIVE: RBI trims GDP forecast to 9.5%; MPC keeps policy rates unchanged

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Reserve Bank of India Governor Shaktikanta Das will shortly announce the outcome of the second bi-monthly MPC meet.
(Image: REUTERS)

RBI MPC LIVE: The Monetary Policy Committee has kept policy rates unchanged once again at its bi-monthly review. The Repo rate has been maintained at 4% while the reverse repo rate is at 3.35%. Policy stance has been maintained at accommodative by the central bank in an effort to maintain liquidity in the system as the country continues to recover from the covid-19 pandemic and its economic implications. Analysts and rating agencies had forecasted the status quo to be maintained with RBI opting out of the heavy lifting. 

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