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RBI keeps key rates unchanged
Highlights
In a surprise move, the RBI on Wednesday kept its key lending rates unchanged, citing global and local uncertainties, and also lowered the country\'s growth forecast for 2016-17.
​Mumbai: In a surprise move, the RBI on Wednesday kept its key lending rates unchanged, citing global and local uncertainties, and also lowered the country's growth forecast for 2016-17.
The RBI's Monetary Policy Committee (MPC), during its second bi-monthly monetary policy review, kept the repo rate, or the short-term lending rate it charges on borrowings by commercial banks, unchanged at 6.25 per cent.
The reverse repo rate automatically remained unchanged at 5.75 per cent.
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