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The Times of India
The Times of India
Business
Sunainaa Chadha | TIMESOFINDIA.COM

Explained: Why RBI didn't hike rates for 10th time in a row and what it means for you

The Reserve Bank of India left key interest rates unchanged for a tenth straight meeting, retaining an accommodative stance amid the threat of the Omicron variant. It believes India's economic recovery is still incomplete and needs continued policy support.

Repo and reverse repo rates remain unchanged at 4 per cent and 3.35 per cent, respectively, said RBI governor Shaktikanta Das.

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