RBI MPC October 2021: The Reserve Bank of India’s Governor Shaktikanta Das announced that the monetary policy committee has unanimously decided to keep the repo rate unchanged for the eighth consecutive time. Das also decided to continue with the accommodative stance as long as necessary to support growth. Repo rate has been maintained at 4 per cent, and reverse repo rate at 3.35 per cent in October policy. RBI Guv said that high-frequency indicators suggested that economic activity has gained momentum. Moreover, RBI MPC has lowered the FY22 inflation forecast to 5.3 per cent from earlier estimate of 5.7 per cent. “India is in a much better place today than at the time of the last MPC meeting. Growth impulses are strengthening, inflation trajectory more favourable than expected,” Das added. Since March 2020, RBI has slashed repo rates to a record low of 4 per cent through two rate cuts of 75 bps in March 2020 and 40 bps in May 2020.