The Reserve Bank of India (RBI), in its latest bi-monthly monetary meet held on April 7, 2021, has decided to keep the repo rate unchanged yet again. This is the sixth time in a row the apex bank has kept the key rates unchanged.
The repo rate and reverse rate remain at 4% and 3.35%, respectively, after the announcement. No change in the repo rate was expected as the central bank is expected to tame the yields of government securities due to higher borrowings planned by the government securities due to higher borrowings planned by the government in FY 2021-22.
