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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.

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