Reserve Bank of India Governor Shaktikanta Das on Wednesday presented the fourth bi-monthly monetary policy to be tabled by the Monetary Policy Committee. Shaktikanta Das announced the stability of interest rates while announcing the results of the meeting. Apart from this, the repo rate has been kept constant at 4%, reverse repo rate at 3.35%. Let us tell you that in March last year, RBI had cut the repo rate by 0.75% and reverse repo rate by 0.40%, after which the repo rate came down to the lowest level of 4%.
Apart from this, a big information was also given about digital payment. Shaktikanta Das said that a discussion paper will also be issued by the Reserve Bank of India regarding the charging of charges on digital payments. One thing is being decided from this point that in the coming times, more charges may have to be paid for using digital payment. After the demonetisation in the year 2016, digital payments had increased rapidly in India. After the Corona epidemic, this graph had increased even more rapidly in the country. According to a report, UPI on platforms like Google Pay, Paytm, PhonePe and BHIM app can reach 1.22 billion per month.