The RBI on Friday held the repo rate, its key lending rate, at four per centand kept the reverse repo rate, the borrowing rate, unchanged at 3.35 per cent.
India s foreign exchange reserves jumped by $2.865 billion to hit a record high of $592.894 billion for the week ended May 21, bolstered by gold and currency assets, RBI data showed on Friday
Governor Das said that the favourable base effect that brought about the moderation in headline inflation by 1.2 percentage points in April may persist throughout the first half of the year