Poket News

RBI keeps key interest rates unchanged

 

  • The Reserve Bank of India in its bi-monthly Monetary Policy statement issued on 9 Oct has maintained a status quo keeping the key interest rates unchanged. 
  • The reverse repo rate remains unchanged at 3.35%, the repo rate at 4%.
  • The Monetary Policy Committee has also decided to maintain its accommodative stance as long as necessary at least through the current financial year and next year as Indian economy is entering into a decisive phase in its fight against coronavirus.