Key Policy rate Unchanged & to continue with the Accommodative' Stance Treading on expected lines, the RBI Monetary Policy Committee (MPC) on April 7 kept the key policy rate unchanged at 4% indicating that a status-quo will be desirable at this juncture when the growth-inflation scenario remains uncertain. The MPC has maintained the GDP growth outlook for FY22 at 10.50% whereas the projection for CPI inflation has been revised to 5.0% in Q4FY21 and 5.2 % in Q1FY22. In a welcome move, the RBI has announced a G-Sec Acquisition Program (GSAP) of Rs.1 lakh crores in Q1FY22 with as much as Rs.25000 crores of Open Market Operations (OMO) purchase lined up on 15 April 2021. The Chairman has also noted that the monetary policy over the next five years would aim at consolidating and building upon the credibility gains of the first 5 years of flexible inflation targeting....