No change in repo rate, reverse repo rate
RBI targets 9.5 per cent GDP
The Reserve Bank of India has not made any change in the repo rate during its bi-monthly monetary policy review. While the repo rate is fixed at 4 per cent, the reverse repo rate remains at 3.35 per cent.
RBI says that the economy will improve due to vaccination and policy support, improvement in exports. But the RBI has expressed concern on the inflation front. Along with this, the RBI said about the growth estimate of GDP that it will remain at 9.5 percent.
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Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.