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The Reserve Bank of India’s (RBI) monetary policy committee (MPC) has decided to maintain the current repo rate. Announcing the decision, RBI Governor Shaktikanta Das stated it was a unanimous decision, and the central bank remains vigilant concerning the current global economic conditions.
This marks the fourth consecutive time that the rate-setting committee has held the repo rate steady. Between May 2022 and April 2023, it increased the repo rate by 250 basis points (bps).
RBI Policy: Key Takeaways from MPC Announcement
First Published: Oct 6 2023 | 11:28 AM IST
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