RBI Monetary Policy Committee Highlights: Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) today announced its decision to maintain the status quo and keep key interest rates unchanged. Now repo rate sits at 4% while the reverse repo rate is at 3.35%. The Monetary Policy Committee has kept rates unchanged for the ninth consecutive policy meet. Rates were cut twice last year with a 75 bps cut in March, followed by a 40 bps cut in May. The RBI had brought down rates keeping in mind the challenges posed by the covid-19 pandemic and the resultant lockdown. The Reserve Bank of India has maintained its GDP growth projects for this fiscal year at 9.5%.