The six-member monetary policy committee decided to maintain status quo on the policy repo rate to support growth, which has been laid low by the second Covid-19 wave , and to tackle inflationary pres
The RBI on Friday held the repo rate, its key lending rate, at four per centand kept the reverse repo rate, the borrowing rate, unchanged at 3.35 per cent.
The Reserve Bank of India (RBI) kept interest rates steady at record lows and reiterated its commitment to keeping policy accommodative as a second wave of COVID-19 infections threatens to derail the country's economic recovery.
India s foreign exchange reserves jumped by $2.865 billion to hit a record high of $592.894 billion for the week ended May 21, bolstered by gold and currency assets, RBI data showed on Friday
While the Reserve Bank is expected to reiterate its commitment towards ample liquidity in the system, traders are expecting more aggressive bond purchases