Poket News

RBI keeps repo rate unchanged at 4 pc, reverse repo rate at 3.35 pc

 

  • The Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) on 8 Oct kept the repo rate unchanged at 4% and the reverse repo rate at 3.35%. 
  • With this, RBI announced some developmental and regulatory decisions which will have an impact on the country's digital transactions and NBFCs customer interface.
  • In its policy statement, RBI announced digital payment solutions in offline mode also, where internet connectivity is low / not available (offline mode).