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RBI keeps its key rates unchanged
The Monitoring Policy Committee (MPC) of the Reserve Bank of India kept interest rates steady at record lows on August 6. While the repo rate, RBI’s key lending rate, was kept at 4 pc, the reverse repo rate, the borrowing rate, remained unchanged at 3.35 pc.
All members voted in favour of the decision to hold rates and a 5-1 majority supported retaining the accommodative monetary policy stance, Das said further.
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