Bank maintains repo worth unmodified at 6.5%

The Reserve Bank of India (RBI) on Wednesday maintained repo worth unmodified at 6.5 p.c embracing a aware place to stabilize inflationary curiosity within the demand for monetary growth.

Announcing the selection after the three-day Monetary Policy Committee (MPC) fulfill, RBI Governor Shaktikanta Das claimed, “MPC decided by a majority of five out of six members to keep the policy repo rate unchanged at 6.5 per cent.”

The repo worth has truly stayed unmodified at 6.5 p.c contemplating that February 2023.

The repo worth is the value at which the RBI presents to monetary establishments.

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