Tag: Repo rate

The Monetary Policy Committee (MPC) has voted unanimously to leave the Repo Rate unchanged at 4%, stated Governor of the Reserve Bank of India (RBI), Shaktikanta Das in his Monetary Policy Statement today. He further stated, Reverse Repo Rate will remain unchanged at 3.35% and the Marginal Standing Facility Rate and Bank Rate will also remain unchanged at 4.25%. The RBI Governor further noted that accommodative stance of the Monetary Policy will continue as long as necessary through the current FY and into the next year to revive growth on a durable basis...