Bank maintains repo value unmodified at 6.5%

The Reserve Bank of India (RBI) on Wednesday maintained repo value unmodified at 6.5 p.c embracing a conscious place to stabilize inflationary curiosity within the demand for monetary improvement.

Announcing the selection after the three-day Monetary Policy Committee (MPC) fulfill, RBI Governor Shaktikanta Das claimed, “MPC decided by a majority of five out of six members to keep the policy repo rate unchanged at 6.5 per cent.”

The repo value has truly stayed unmodified at 6.5 p.c contemplating that February 2023.

The repo value is the value at which the RBI gives to monetary establishments.

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