RBI MPC’S Decision On 4th June 2021

RBI on 4^th June 2021, has reduced its extimate about GDP growth of the Indian Economy for the fiscal year 2021-22 by 100 basis points i.e. from 10.5% to 9.5%

It’s monetary policy commission has also decided in this meeting –

• 15,000 crore refinance to encourage banks to lend to service sector like, hotels, restaurants, tourism etc.
• 16,000 crore facility to MSME from SIDBI.
• Projected the CPI (consumer Price Index) inflation during 2021-22 to 5.1%
• It decided to keep following rates

Repo rate                    =  4.00

Reverse Repo rate    =  3.35%

MSFL                          =  4.25%

Bank Rate                  =  4.25