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RBI retains lending rates but gives optimistic outlook
TIWN
TIWN
PHOTO : TIWN
Mumbai, Oct 9 (TIWN) Persistently high inflation fanned in part due to supply side disruptions along with seasonal factors led the Reserve Bank of India to maintain the key lending rates.
RBI Monetary Policy HIGHLIGHTS: Maintaining the status quo for the second time in a row, the Reserve Bank of India on Friday decided to keep the benchmark interest rate unchanged at 4 percent but maintained an accommodative stance, implying more rate cuts in the future if the need arises to support the economy hit by the COVID-19 crisis. The benchmark repurchase (repo) rate has been left unchanged at 4 percent, Governor Shaktikanta Das said while announcing the decisions taken by the central bank's Monetary Policy Committee (MPC).
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