RBI MPC HIGHLIGHTS August 2021: The Reserve Bank of India’s Monetary Policy Committee has kept the repo rate unchanged at 4 per cent. This is the seventh straight MPC, when RBI kept the rates steady. RBI Guv SHaktikanta Das said that MPC has decided to leave repo rate unchanged and continue with the accommodative stance as long as necessary to support growth. Das said that India is a much better position as compared to June 2021. “There’s a need to remain vigilant on the possibility of a third COVID wave,” Das said. RBI Guv said that rural demand will push private consumption, and urban demand will drive services and pent-up demand.