সাধারণ ঋণগ্রহীতাদের জন্য সুখবর! টানা সাত বার ‘রেপো রেট’ অপরিবর্তিত রাখল রিজার্ভ ব্যাঙ্ক | Oneindia
সাধারণ ঋণগ্রহীতাদের জন্য সুখবর! টানা সাত বার ‘রেপো রেট’ অপরিবর্তিত রাখল রিজার্ভ ব্যাঙ্ক
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NewsTranscript
00:00 The Reserve Bank MPC decided by a majority of 5 to 1 to keep the policy repo rate unchanged
00:09 at 6.5%.
00:11 Consequently, the standing deposit facility that is the SDF rate remains at 6.25% and
00:20 the marginal standing facility that is the MSF rate remains at 6.75%.
00:34 A majority of 5 out of 6 members to remain focused on withdrawal of accommodation to
00:42 ensure that inflation progressively aligns to the target while supporting growth.
00:49 I shall now briefly set out the rationale for these decisions.
00:53 Since the last policy, the growth inflation dynamics have played out favorably.
01:00 Growth has continued to sustain its momentum surpassing all projections.
01:06 Headline inflation has eased to 5.1% during both January and February and this has come
01:15 down to 5.1% in these two months from the earlier peak of 5.7% in the month of December.
01:25 Core inflation has also declined steadily over the past nine months to its lowest level
01:31 in the series.
01:33 The fuel component of CPI remained in deflation for six consecutive months.
01:40 Food inflation pressures, however, accentuated in February.
01:45 Looking ahead, robust growth prospects provide the policy space to remain focused on inflation
01:52 and ensure its descent to the target of 4%.
01:58 As the uncertainties in food prices relate to enabling UPI for cash deposit facility,
02:05 deposit of cash through cash deposit machines that is CDMs is primarily being done through
02:10 the use of debit cards.
02:12 Given the experience gained from cardless cash withdrawal using UPI at the ATMs, it
02:19 is now proposed to facilitate deposit of cash in CDMs that is in the cash deposit machines
02:28 using UPI.
02:30 This measure will further enhance customer convenience and make currency handling process
02:35 at banks more efficient.
02:39 And the next announcement relates to UPI access for prepaid instruments through third-party
02:49 apps.
02:50 At present, UPI payments from prepaid payment instruments that is PPIs can be made only
02:57 by using the web or mobile app provided by the PPI issuer itself.