RBI keeps repo rate unchanged at record level of 4%

RBI keeps repo rate unchanged at record level of 4%
RBI keeps the repo rate unchanged at the record level of 4%

The monetary policy committee of RBI on Friday decided to keep the repo rate unchanged at 4%, which is the lowest in the record. It has reduced the policy rate by 115 basis points since March last year. The status quo comes in the form of retail inflation in December, which fell to 4.59% within the central bank's 2% to 6% target range.

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