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5/31/21

RBI to keep interest rates unchanged in view of Corona and inflation, meeting between June 2 and 4

Possibility:   RBI to keep interest rates unchanged in view of Corona and inflation, meeting between June 2 and 4



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The Reserve Bank is likely to maintain the current rate of interest. The decision is likely to be taken by the Reserve Bank in the wake of rising inflation and the uncertainty created by the Corona.

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The bank's next date. The decision could be taken at the monetary policy review meeting to be held from June 2 to June 4. The meeting will be chaired by Reserve Bank Governor Shaktidas. The meeting in April also saw no reduction in interest rates. The repo rate was kept at 4 per cent and the reverse repo rate at 3.35 per cent.

Read in Gujarati news 

Aditi Nair, chief economist at rating agency Iqra, says the economic outlook is uncertain due to Corona's outburst. The Reserve Bank will keep monetary policy liberal until there is speed in vaccination. Naredco national president Niranjan Hiranandani echoed the sentiment, saying the second wave of Corona had affected the economy. The cash flow in the system needs to be increased.

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