The RBI maintained its key repo rate at 5.5% as expected, with policymakers assessing the effects of recent rate cuts amid global trade uncertainties.
The Reserve Bank of India (RBI) kept its key repo rate steady at 5.50% on Wednesday, announced governor Sanjay Malhotra. The announcement comes in line with expectations, as policymakers waited to see the impact of recent rate cuts amid rising global trade uncertainties.
RBI Governor Sanjay Malhotra in Mumbai.(PTI file)
The six-member rate-setting panel held the policy rate with a unanimous vote and decided to continue with a “neutral” stance.
News / Business / RBI’s Monetary Policy Committee keeps repo rate unchanged at 5.5%: Governor Sanjay Malhotra