Highlights of RBI monetary policy announcements
New Delhi, Apr 7: Following are the highlights of RBI's monetary policy for 2021-22:
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RBI keeps policy rate unchanged for fifth time in a row; repo at 4 pc
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Economic growth projection for current fiscal retained at 10.5 pc
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RBI to maintain accommodative monetary policy stance to support growth, keep inflation at targeted level
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Says recent surge in COVID-19 infections has created uncertainty over economic recovery, focus be on containing virus spread
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Projects 26.2 pc and 8.3 pc growth in June and September quarters; 5.4 pc and 6.2 pc in December and March quarters respectively
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Retail inflation projection revised to 5 pc in March quarter 2020-21
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Projects retail inflation at 5.2 pc in June and September quarters
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Gains from inflation targeting framework of 4 pc (+/- 2 pc) since 2016 reinforced by the retention of the target and the tolerance band by the government for next five years
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To ensure ample liquidity in system so that productive sectors get adequate credit
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Rs 50,000 crore additional liquidity facility to NABARD, NHB and SIDBI for fresh lending
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Will continue to do whatever it takes to preserve stability and to insulate financial firms from global spillovers
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Enhances maximum balance limit at end of the day from Rs 1 lakh to Rs 2 lakh per individual customers of payments banks
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To set up a committee for comprehensive review of the working of Asset Reconstruction Companies (ARCs).
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US rules out use of nuclear weapons against Iran
Washington DC: The White House has reportedly ruled out the use of nuclear weapons against Iran, even as uncertainty continues over ongoing peace negotiations and a deadline set by US President Donald Trump approaches.
Issues bout a possible escalation had increased after US Vice President JD Vance said that the United States has “tools in our toolkit that we so far haven’t decided to use” in dealing with Iran.
His remarks came amid rising tensions and ahead of a deadline linked to peace efforts.
The situation has attracted attention as Trump warned Iran that its “whole civilization will die tonight tonight” if an agreement is not reached by Tuesday at 8 pm.
This statement led to speculation about the possibility of extreme military measures, including a nuclear strike.
Following Vance’s comments, the White House issued a clarification distancing itself from such interpretations. In a post on X, it said, "Literally nothing @VP said here 'implies' this, you absolute buffoons." In a later statement, it added that “only the president knows” what action will be taken regarding Iran.
Literally nothing @VP said here "implies" this, you absolute buffoons https://t.co/7JU3wXMaWX
— Rapid Response 47 (@RapidResponse47) April 7, 2026
