RBI keeps repo rate unchanged at 4% for 9th time in a row

On Wednesday, RBI Governor Shaktikanta Das announced that the Monetary Policy Committee had voted unanimously to keep the policy repo rate unchanged at 4 per cent.

On Wednesday, the Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the six-member Monetary Policy Committee (MPC) had voted unanimously to keep the policy repo rate unchanged at 4 per cent. The rate has remained unchanged for the ninth time running.

The reverse repo rate also remains unchanged at 3.35 per cent, RBI Governor Shaktikanta Das said after the MPC meeting. The MPC has maintained status quo on the Marginal Standing Facility (MSF) rate and the bank rate as well; these rates remain at 4.25 per cent.