RBI maintains status quo; leaves benchmark lending rate unchanged at 4%
The Hindu
RBI retained its growth projection at 9.2% and inflation at 5.3% for the current financial year
Reserve Bank of India (RBI) on February 10 kept the benchmark interest rate unchanged at 4% and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation.
This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020 in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
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