No change in Repo rate
Posted on: 06/Apr/2017 3:58:29 PM
Today, the Reserve Bank has not changed its benchmark lending rate at 6.25 percent. However, the reverse repo rate is increased by 0.25 percent and raised to 6 percent.
There is change in the marginal standing facility and reduced by 0.25 percent and brought to 6.5 percent, reads a statement by the central bank in its first bi-monthly monetary policy review of 2017-18. These policy decisions are unanimous, says central bank.
