RBI keeps repo rate unchanged at six per cent
New Delhi, Dec 6 (IBNS) : The Reserve Bank of India on Wednesday kept the repo rate unchanged at 6 per cent.
The six-member Monetary Policy Committee, headed by RBI Governor Urjit Patel in its fifth bi-monthly review of the current financial year maintained its stand on eminent inflationary trend due to rising crude prices, implementation of GST and the US Federal reserve looking to sell its bonds.
The decision comes much to the expectation of experts and market-watchers who had predicted the stay in rates.
The committee had last cut the lending rate by 25 basis points in August this year.
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