The Reserve Bank of India's monetary policy committee voted to keep the repo rate — the rate at which the RBI lends to commercial banks — unchanged at 4%.
The Reserve Bank of India's monetary policy committee voted to keep the repo rate — or the rate at which the central bank lends to commercial lenders — unchanged at 4%.
The Indian rupee moved slightly following the monetary policy decision, changing hands at 75.44 Indian rupees per dollar. The Reserve Bank of India's monetary policy committee voted to keep the repo rate — the rate at which the central bank lends to commercial lenders — unchanged at 4%. The committee agreed to retain the RBI's accommodative policy stance for as long as necessary to revive and sustain India's growth momentum, while keeping inflation within target.
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