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Status Quo In Monetary Policy To Support Government’s Big Borrowing Plan

The Reserve Bank of India (RBI) has kept key policy rates unchanged, for the fourth consecutive time, followed by the Union Budget 2021, which focussed on a significant borrowing plan. The repo rate stands at 4 per cent and reverse repo rate at 3.35 per cent. Besides, the marginal standing facility rate and the bank rate remain unchanged at 4.25 per cent.