RBI Monetary Policy: Repo, reverse repo rates unchanged at 6.50%, 6.25%
Updated : October 05, 2018 05:30 PM IST
The Reserve Bank of India kept the repo rate unchanged at 6.50 percent.
The Monetary Policy Committee (MPC) voted 5:1 in favour of a status quo.
The MPC headed by RBI Governor Urjit Patel said that the recent excise duty cut by the government on petrol and diesel will help contain inflation.
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