RBI keeps repo rate unchanged at 4%

RBI’s monetary policy committee has decided to keep the repo rate unchanged at 4%. Currently the reverse repo rate is 3.35 % the marginal standing facility rate and the bank rate at 4.25%. 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.RBI’s monetary policy committee has decided to keep the repo rate unchanged at 4%. Currently the reverse repo rate is 3.35 % the marginal standing facility rate and the bank rate at 4.25%. 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.taxmann.com NewsRead More

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