MPC kept the policy repo rate unchanged at 4.0%. MPC unanimously voted for keeping the policy repo rate unchanged and continued with an accommodative stance as long it is necessary-at least during the current financial year and into the next financial year. This is to revive growth and mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target. The Monetary Policy Committee (MPC) had unanimously voted against rate cut in Oct'20 policy. The post Covid-19 repo rate cut now stands at 115 bps and the reverse repo is down 155 bps. Growth The RBI reiterated that said that the rural economy looks resilient while urban demand is also gaining momentum. In...