RBI keeps repo rate unchanged at 4 pc

The Reserve Bank of India on February 5 kept the key policy rate (repo rate) unchanged while continuing with an “accommodative” stance.

The benchmark repurchase (repo) rate at which banks borrow from the RBI has been left unchanged at 4 per cent, RBI Governor Shaktikanta Das said announcing the decision taken by the central bank’s Monetary Policy Committee (MPC).

Experts say the status quo on rates means that home loans won’t get expensive and buyers can continue to take advantage of the prevailing low rates.