#MonetaryPolicy

.New Delhi, Delhi, India
The RBI calendar of holidays only began on August 13. (Photo Credit: Twitter/@ANI)

  • The Reserve Bank of India releases holiday calendar for private and public sector banks
  • In the last 2 weeks of August, banks will get nine offs
  • This includes six state or festival holidays and 3 common weekend leaves

.Mumbai, Maharashtra, India
The RBI announced its monetary policy on Friday. (Photo credit : twitter.com/RBI)

  • Repo rate was retained at 4%
  • CPI inflation has been projected at 5.7 % during 2021-22
  • The reverse repo rate has been ratained at 3.35%

.New Delhi, Delhi, India
The Reserve Bank of India will announce its bi-monthly monetary policy on Friday. (Photo credit : Twitter/RBI)

  • The RBI will announce its bi-monthly monetary policy today, capping 3 days of discussions
  • In its last policy in June, the bank had kept the benchmark rates unchanged,
  • The policy comes at a time when the IMF has lowered India's growth projection to 9.5% from 12.5% 

.New Delhi, Delhi, India
Reserve Bank of India Governor Shaktikanta Das addressing the media. (Photo credit: PTI)

  • The committee will finalise the bi-monthly monetary policy
  • RBI Governor Shaktikanta Das will unveil the resolution of the Monetary Policy Committee on Friday
  • Experts believe the committee might opt for a status quo on interest rate