The Reserve Bank of India (RBI) on Thursday announced its bimonthly monetary policy, and decided to keep its key lending rate — repo rate — unchanged. RBI Governor Shaktikanta Das said that the six-member Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 6.50 per cent.
The MPC maintained that the focus would be on the withdrawal of accommodative policy stance to ensure that inflation progressively aligns with target, while supporting growth.
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