RBI keeps repo rate unchanged at 6.5% over inflation concerns
Shortpedia
Content Team
Image Credit: the print
The Reserve Bank of India (RBI) has decided to keep its key interest repo rate unchanged at 6.5%. It is the rate at which it lends short-term funds to banks. This is a signal that the central bank's battle against persistently high inflation is yet to be over. The rate-setting panel has also kept the monetary policy stance unchanged at the withdrawal of accommodation.
