New Delhi: Amid the COVID-19 resurgence, the Reserve Bank of India (RBI) on Wednesday expectedly left interest rates unchanged at 4 per cent for the 5th straight monetary policy committee (MPC) meeting, which voted unanimously to maintain the status quo with an accommodative stance to nurture a fragile economic recovery.
The reverse repo rate remained unchanged at 3.5 per cent, and marginal standing facility and bank rate kept unchanged at 4.25 per cent, The Financial Express reported.
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The RBI also announced a Rs 1 lakh crore programme to buy government bonds from the secondary market. This is in addition to the purchases under open market operations.
