RBI Governor Shaktikanta Das Monetary Policy Committee (MPC) Keeps Repo Rate Unchanged At 4% For Eighth Time To Revive Growth
The Reserve Bank kept the key benchmark rates unchanged for the eighth consecutive time and promised to maintain the status-quo on rates "as long as necessary to revive growth." The repo rate is unchanged at 4 per cent and the reverse repo rate is steady at 3.35 per cent, the RBI Governor Shaktikanta Das said at the end of the bi-monthly Monetary Policy Committee (MPC) review meeting that started on Wednesday.