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.
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.
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