RBI Monetary Policy announces the Repo rate unchanged 4%, Finance Sectors
October 9, 2020, the day RBI Conduct thee Monetary Policy Committee (MPC) important news announce the RBI Governor Shaktikanta Das. Finance based and lending providing banks the great news the Reserve Bank of India releases a Repo rate on changed in 4% percent and reserves repo rate 3.35% percent the rate maintain this year. MPC maintained the accommodative stance said the Shaktikanta Das, RBI Governor.
The MPC meeting said the LTRO( long-Term-Repo-Operation) and OMO (Open Market Operation) that kind announced the RBI conducts Open market operation weekly Purchase Rs.20,000 Crore increase.
Retail segment pushes the small liquidity borrower to increase the 7.5 Crore this increase all new housing loan amount valid on 22 March 2022.
The TLTRO with tenors up to three years for total amount of up to Rs.1,00,000 Crore at a floating rate linked to the policy repo rate
The India GDP this year Q3 and Q4 results in positive wayside go on expected told an RBI. 2020 Coronavirus impacts the all over the country they on India market product supply chain cut the Lock downtime at 7 months market down but this lockdown release the government and State government back then market supply chain normal position coming the last few months India. The Corona impact the India GDP all sectors a recovery Agriculture, Pharma, IT, Auto, Finance, Auto Sectors, etc normal condition come to current time India.
India GDP forecast a expect the Finance year 20-21 9.5% percent Contract Said: RBI Governor Shaktikanta Das
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