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 Dec'20 policy. The post Covid-19 repo rate cut now stands at 115 bps and the reverse repo is down 155 bps. Growth According to the MPC, metrics like consumer confidence, manufacturing and services, infrastructure, sales of residential units in metro cities are reviving. The vaccination drive has also provided an impetus for growth. Taking these and a few other factors into consideration the MPC has projected India's growth for the next financial year at 10.5%....