In the last policy review in October, the RBI had kept the key lending rates unchanged for eight consecutive times. The repo rate, at which the RBI lends short-term funds to banks, was kept unchanged at 4 per cent. RBI Keeps Interest Rates Unchanged in New Monetary Policy, Continues Accommodative Stance.
The country s apex bank kept the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent.
Reserve Bank of India has been mandated by the government to ensure that theconsumer price index (CPI) based inflation is at four per cent, with a band of twoper cent on either side.
RBI Monetary Policy Committee (MPC) Minutes: RBI Governor Shaktikanta Das-led MPC left the key lending rates unchanged at record lows earlier in the month for the eighth time in a row