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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

RBI MPC India New Delhi Reserve Bank of India Shaktikanta Das

NEW DELHI: The Reserve Bank of India's (RBI) monetary policy committee (MPC) on Wednesday unanimously decided to keep repo rate unchanged at 4 per cent for the tenth consecutive time and continued with the accommodative stance.

Repo rate is the rate at which the RBI lends to banks, while reverse repo rate is the rate at which it borrows from banks.

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