RBI Policy: Keeps interest rates, accommodative stance unchanged
The Reserve Bank of India (RBI) on Friday decided to unanimously keep key interest rates unchanged while keeping an accommodative stance. As per the decision of the central bank’s Monetary Policy Committee (MPC), the policy repo rate, the benchmark at which RBI lends to the banks, will stay at 4%, RBI Governor Shaktikanta Das said in a televised address. The reverse repo rate will continue to be 3.35%.