Key Features of RBI Policy:
RBI announces Rs 10,000 cr special liquidity facility for Nabard, NHB
Reserve Bank of India (RBI) Governor Shaktikanta Das on August 6 announced a more liquidity facility of around Rs 10,000 crore for NABARD and National Housing Bank.
RBI's Chairman Das said the additional funding will help NBFCs and the housing sector tide over the liquidity crisis.
Inflation Outlook:
According to RBI, the most favorable food inflation outlook might emerge on good farm produce. MPC expects inflation to go up in Q2 2021 and projects retail inflation to remain elevated in Q2.
GDP Growth:
Reserve Bank of India (RBI) expects FY21 real GDP growth to remain in the "-ve" zone in the 1st half & overall FY21 hence feels the space for further monetary policy action is available but would be advisable to be judicious.
RBI Meet Outcome: Like we said earlier about the Repo Rate. No changes were done on RR It remains unchanged at 4 percent and the Reverse Repo Rate unchanged at 3.35 percent. Monetary Policy Committee has maintained the accommodative stance and kept the MSF rate, Bank rate unchanged at 4.25%.
