Shri Shaktikanta Das, Governor, Reserve Bank of India spoke on the RBI Monetary Policy during his address today morning. The repo rate was was voted to remain the same for the 9th consecutive month. Accommodative stance of RBI was also voted to be retained at a 5:1 majority vote.

Some of the other decisions taken so far by the RBI is as follows

• The repo rate remains unchanged at 4%, the rate at which RBI lends short term funds to banks
• The reverse repo rate is set at 3.35%, the rate at which RBI borrows from banks
• The marginal standing facility rate is set at 4.25%
• Inflation is projected to retain at 5.3% for FY 22, Real GDP growth will retain 9.5%
• UPI based payment products will be launched for form users. Transaction limit to be set at rupees 5 Lac from rupees 2 Lac for RBI's retail direct scheme.

The video of the address can be viewed here