RBI left key interest rate unchanged

RBI left key interest rate unchanged

December 05, 2018

  • The Reserve Bank of India’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% on 5 December 2018.
  • The reverse repo rate was also kept unchanged at 6.5%.
  • Repo rate is the rate at which the RBI lends to other banks.
  • This means that home loan and car loan rates will not change.
  • The six-member Monetary Policy Committee (MPC) is headed by RBI Governor Urjit Patel.
Next
« Prev Post
Previous
Next Post »
Subscribe to: Post Comments (Atom)