November 29, 2022 03:12 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Two students from Telangana drown in US, one killed trying to save another | 'The Kashmir Files vulgar, propagandistic': IFFI jury slams, calls it 'inappropriate' for festival | Men attack police van carrying Aaftab Ameen Poonawala accused of killing Shraddha Walkar | Ramdev says women look good even without clothes, stirs row | 'Haven't criticised anyone': Chetan Bhagat after his comment on Uorfi Javed stirs row
RBI maintains status quo, keeps repo rate unchanged at 4 percent Repo Rate

RBI maintains status quo, keeps repo rate unchanged at 4 percent

India Blooms News Service | @indiablooms | 08 Apr 2022, 11:11 am

Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.

The Monetary Policy Committee, which met from Apr 6-8, has unanimously decided to keep the benchmark lending rates unchanged at four percent, RBI Governor Shaktikanta Das said while announcing the bi-monthly monetary policy.

The reverse repo rate also continues to remain unchanged at 3.35%.

This is the first MPC meeting of the RBI for the financial year 2022-23.