MPC Meet: RBI maintain status quo
20-Apr-2022
RBI in its bi monthly policy meet which concluded on 6th August, unanimously voted for a status quo on policy rates as inflation concerns made a comeback. The Repo rate and the reverse repo rate were retained at 4% and 3.35% respectively. No fresh monetary measures were announced in the policy, however RBI came up with the one-time loan restructuring plan specifically for Covid related stressed bank assets (corporate and personal loans)