RBI keeps policy rate unchanged for 7th time in a row; repo retained at 4 per cent
NEW DELHI: The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID-19 wave. This is the seventh time in a row that the Monetary Policy Committee (MPC) headed […]
RBI keeps policy rate unchanged at 6.5% in surprise move
BY: Suvashree Dey Choudhury and Swati Bhat MUMBAI: The Reserve Bank of India (RBI) held its policy rate unchanged, surprising most analysts who had expected a rate increase to combat inflationary pressures arising from high oil prices and a weakening rupee. The monetary policy committee kept the repo rate unchanged at 6.50 percent on Friday, […]