<p>The Reserve Bank of India's Monetary Policy Committee its policy meet on Friday decided to keep repo rate unchanged at 4%.</p>.<p>"Inflation has eased below the tolerance level of 6%. Outlook on growth has improved significantly," says RBI Governor Shaktikanta Das. He also said that signs of recovery have strengthened further and the list of normalising sectors is expanding.</p>.<p>Here are a few key takeaways from RBI's monetary policy statement: </p>.<p>- Policy repo rate unchanged at 4%</p>.<p>- Reverse repo rate unchanged at 3.35%</p>.<p>- GDP growth projected at 10.5% for FY22</p>.<p>- CPI inflation target cut to 5.2% from 5.8%</p>.<p>- Inflation eased below tolerance level of 6%; Govt to review inflation target for RBI by March 2021</p>.<p>- Stance of liquidity management continues to remain accommodative in line with monetary policy</p>.<p>- MSF and bank rate unchanged at 4.25%</p>.<p>- RBI to form an expert panel to strengthen primary urban co-operative banks</p>.<p>- Cash reserve ratio to be gradually restored to 4% by May 27</p>.<p>- RBI to allow retail investors to directly access G-sec market</p>
<p>The Reserve Bank of India's Monetary Policy Committee its policy meet on Friday decided to keep repo rate unchanged at 4%.</p>.<p>"Inflation has eased below the tolerance level of 6%. Outlook on growth has improved significantly," says RBI Governor Shaktikanta Das. He also said that signs of recovery have strengthened further and the list of normalising sectors is expanding.</p>.<p>Here are a few key takeaways from RBI's monetary policy statement: </p>.<p>- Policy repo rate unchanged at 4%</p>.<p>- Reverse repo rate unchanged at 3.35%</p>.<p>- GDP growth projected at 10.5% for FY22</p>.<p>- CPI inflation target cut to 5.2% from 5.8%</p>.<p>- Inflation eased below tolerance level of 6%; Govt to review inflation target for RBI by March 2021</p>.<p>- Stance of liquidity management continues to remain accommodative in line with monetary policy</p>.<p>- MSF and bank rate unchanged at 4.25%</p>.<p>- RBI to form an expert panel to strengthen primary urban co-operative banks</p>.<p>- Cash reserve ratio to be gradually restored to 4% by May 27</p>.<p>- RBI to allow retail investors to directly access G-sec market</p>