RBI Keeps Repo Rate Unchanged At 6.25%, Hikes Reverse Repo Rate
RBI keeps repo rate unchanged but makes a 6% hike in reverse repo.
New Delhi: The Reserve Bank of India (RBI) on Thursday kept its RBI keeps repo rate unchanged at 6.25 percent, but made changes in the reverse repo after it hiked it to 6 percent.
India's central bank announced the repo rate unchanged at 6.25 percent after its Monetary Policy Committee, headed by RBI Governor Urjit Patel, ended its two day meeting today.
However, the experts believed that the central bank is likely to hold the rate tomorrow while unveiling the first bi-monthly review of 2017-18 in view of hardening inflation. (With Agency Inputs)