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RBI Press Release: 2020-2021/453 dated 09.10.2020

The Reserve Bank of India (RBI) Governor announced that the central bank’s Monetary Policy Committee (MPC) has unanimously decided to keep the key rates unchanged while maintaining an accommodative stance.
“Monetary Policy Committee voted unanimously to keep the policy repo rate unchanged at 4%. MPC also decided to continue with the accommodative stance of monetary policy as long as necessary at least through the current financial year and next year,” he said.
As of now, the repo rate currently stands at 4 per cent while the reverse repo rate remains unchanged at 3.35 per cent. It may be noted that the Marginal Standing Facility Rate and bank rate remains unchanged at 4.2 per cent.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.