News From Press Reserve Bank likely to keep rates on hold, extend GSAP

Reserve Bank likely to keep rates on hold, extend GSAP

RBI is also expected to revise gross domestic product (GDP) numbers while extending its government securities acquisition programme, or GSAP, announced in April, market experts said

Source: Mint May 31, 2021

The Reserve Bank of India’s (RBI’s) monetary policy committee is expected to keep interest rates on hold in its upcoming review meeting on Friday amid fears of inflation adding to the impact of the second wave of covid infections, according to a Mint survey.

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