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To support the economic recovery, the six-member Monetary Policy Committee of the Reserve Bank of India had unanimously voted to retain the repo rate at its last meeting.
The six-member Monetary Policy Committee of the Reserve Bank of India had unanimously agreed on retaining the repo rate at its last meeting, but not all members favoured continuation of the accommodative stance.
To support a durable as well as lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates along with the growth-oriented accommodative stance during the pan-ultimate monetary policy review of FY22.
The Reserve Bank of India (RBI) maintained a status quo on key rates, keeping the repo rate unchanged, in its bi-monthly policy review announced on Wednesday.
To support a durable as well as lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates along with the growth-oriented accommodative stance during the pan-ultimate monetary policy review of FY22.