In a significant development for the Indian economy, the Reserve Bank of India (RBI) has announced a new round of monetary policy measures aimed at reviving growth amidst the ongoing COVID-19 pandemic. The RBI has decided to keep the repo rate unchanged at 4% while maintaining an accommodative stance to support economic recovery. The central bank also revised its GDP growth projection for the current fiscal year to 9.5% from the earlier estimate of 10.5%. Additionally, the RBI announced several liquidity measures to support small businesses and individuals, including a special liquidity facility of ₹16,000 crore for contact-intensive sectors. The RBI’s decision comes at a critical time as India continues to battle the economic impact of the pandemic. The central bank’s proactive measures are expected to provide much-needed relief to businesses and individuals grappling with the economic fallout of the crisis. As the country gradually reopens and economic activity picks up pace, the RBI’s policy measures are likely to play a crucial role in sustaining the momentum of recovery. Experts believe that the RBI’s focus on maintaining liquidity and supporting growth will help in mitigating the challenges faced by the economy. Overall, the RBI’s latest monetary policy announcement is seen as a positive step towards bolstering India’s economic resilience and fostering a sustainable path to recovery in the post-pandemic era.