Reserve Bank of India Monetary policy highlights: No change in the repo rate said by Das

 The Monetary policy committee(MPC) met on 4th, 5th, 6th for it's the second meeting of August 2020-21 and the Monetary Policy Committee of RBI decided to keep the repo rate steady at 4% and cut the repo rate by 25 points basis points and it will be continued and during the pandemic to revive growth and a general increase in price and the reverse rate will be unchanged 3.35%. There is a stimulus measure in which there is additional liquidity of Rs 5000 crore repo rate to NABARD and Rs 5000 crore to National House Bank, announced on Thursday by Governor Shaktikanta Das.

RBI is the only bank in the world who has set up for quarantine facility for its staff, officers and others for critical situations. The central bank also the limit of loans that can be a profit against the jewellery. Stressed MSME will be helped in reconstructing their debt again. The team of the central bank also provided the online facilities of digital banking channels, ATMs, cybersecurity, phone banking for the customer and held a campaign regarding the digital transaction as RBI Kehta Hai. The Governor Shaktikanta Das also addressed the corona worries, police, doctors and all who worked during pandemic at a different level.

The real growth of the GDP will remain in the negative zone in the first half and providing an ease in the full fiscal year 2020-21 said by, Governor Shaktikanta Das.