RBI avoids any change in interest rates, EMI will not fall yet
The Reserve Bank of India has not changed the repo rate, reverse repo rate, MSF rate. The repo rate will be 4 percent without any change. The MSF rate and the bank rate will also remain at 4.25 per cent without any change. While the reverse repo rate will also be 3.35 per cent without any change. This information was given by RBI Governor Shaktikant Das. This is the reason why there will be no change in EMI.
RBI Governor Shaktikant Das said, "Real GDP growth is projected at 9.5 per cent in 2021-22. It will be 18.5 per cent in the first quarter, 7.9 per cent in the second quarter, 7.2 per cent in the third quarter and 6.6 per cent in the fourth quarter. CPI inflation is projected at 5.1 per cent in 2021-22."
The RBI governor said, ‘Keeping the monsoon normal will help improve the state of the economy.
The recent decline in inflation has raised some hopes that policy support from all quarters is needed to bring economic growth back on track. The RBI estimates that the economic growth rate will slow to 9.5 per cent in the current financial year from 10.5 per cent.
"On June 17, the RBI will buy Rs 40,000 crore worth of government securities," said Governor Das. Government securities worth Rs 1.2 lakh crore will be procured in the second quarter. "We estimate that the country's foreign exchange reserves have exceeded 600 billion," the RBI governor said.
News source by gujarat samachar
News source by Gujarat Samachar