NEW DELHI: For the third time in a row, the RBI's high-powered monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent. The repo rate is the interest rate at which the RBI lends money to commercial banks.
"The decision to keep policy interest rate unchanged was unanimous," RBI chief Shaktikanta Das said in a presser on Thursday.
"Indian economy is exuding enhanced strength and stability. Our economy has continued to grow at a reasonable rate, becoming the 5th largest economy in the world," Das said.
