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    <title>Minutes of the Monetary Policy Committee Meeting, April 5-7, 2021 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC minutes record the statutory publication of the meeting proceedings and the unanimous resolution to keep the policy repo rate unchanged and to continue the accommodative stance until durable growth is secured while ensuring CPI inflation remains within the target band. The decision rests on an assessment of uneven global recovery, renewed COVID 19 risks, supply side inflationary pressures and moderate demand, with members favouring continued policy support, liquidity provision and market operations to preserve orderly financial conditions and noting a preference by some for state contingent over time based forward guidance.</description>
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