Press "Enter" to skip to content

RBI Monetary Policy: Repo rate unchanged, GDP to fall by 9.5 per cent

Maintaining status quo for the second time in a row, Reserve Bank of India (RBI) Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high inflation. The central bank left the benchmark repurchase (repo) rate unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the central bank’s Monetary Policy Committee (MPC). Consequently, the reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with RBI.

Leave your comments

%d bloggers like this: