Tag: rbimonetarypolicy
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RBI Maintains Status Quo on Key Lending Rate Amid Inflation Convergence with Targets
The Reserve Bank of India (RBI) decided to maintain its key lending rate at 6.5% for the seventh consecutive time during the bi-monthly Monetary Policy Committee (MPC) meeting held in New Delhi. RBI Governor Shaktikanta Das announced that the decision was made by a 5:1 majority. With the repo rate unchanged, it is expected that…