The Reserve Bank of India (RBI)today kept the key lending rate unchanged at 6.5% for the third time in a row, but said inflation rates are likely to rise led by vegetable prices.
The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent
The Reserve Bank of India on Thursday kept the repo rate unchanged at 4 per cent for the 10th time in a row and continued with "accommodative" stance. The reverse repo rate has also been kept unchanged at 3.35 per cent.