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Just In: RBI keeps repo rate unchanged at 4%

08 Dec 2021 Evaluate

The Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC), headed by Governor Shaktikanta Das, decided to keep key lending rate, the repo rate, unchanged at 4 per cent and retained the monetary stance as ‘accommodative’. Consequently, the reverse rate remained at 3.35%. The MSF also remains unchanged. This is the ninth consecutive time the MPC maintaining a status quo in rates, amid the threat surrounding Omicron coronavirus variant.