Why is RBI keeping Repo Rate Unchanged? I Pooja Dwivedi I StudyIQ IAS English |
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With retail inflation remaining a “major risk to macroeconomic stability and sustainable growth”, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the key interest rates unchanged for the fourth consecutive time. As a result, banks will not raise their lending rates which, in turn, will mean that the equated monthly instalments (EMIs) on home, vehicle and personal loans will remain steady.
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