RBI keeps repo rate unchanged at 6.50% for eight time in a row

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the monetary policy committee’s (MPC) decision to keep the repo rate unchanged at 6.50%.

This is the eight time in a row that RBI has kept repo rate unchanged at 6.50%. For the unversed, the repo rate is the rate at which RBI lends money to the banks.

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