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TMI BlogHighlights of RBI monetary policy reviewX X X X Extracts X X X X X X X X Extracts X X X X ..... Highlights of RBI monetary policy review X X X X Extracts X X X X X X X X Extracts X X X X ..... o rate too remains unchanged at 3.35 pc; * Bank rate also remains same at 4.25 pc; * RBI to continue its accommodative stance to sustain growth amid COVID; * Retail inflation (CPI) projection at 5.7 pc during 2021-22; may drop to 5.1 pc in Q1 of next fiscal; * RBI retains GDP growth projection for 2021-22 at 9.5 pc; * RBI says some high-frequency indicators looking up again during June-J ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uly; * RBI proposes to conduct two more auctions of ₹ 25,000 crore each in August under G-SAP 2.0; * Repo rate cut by 250 bps since February 2019, reduced bank lending rate by 217 bps; * RBI says domestic borrowing costs have eased; * Transmission to lending rates has been stronger for MSMEs, housing and large industries; * Significant cut in interest rates on personal housing loan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and loans to commercial real estate sector augurs well for the economy;
* RBI announces additional measures on liquidity front;
* After onset of COVID pandemic, RBI says it announced over 100 measures to mitigate its impact;
* Next meeting of the MPC scheduled for October 6 to 8. X X X X Extracts X X X X X X X X Extracts X X X X
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