Monetary Policy: RBI keeps repo rate unchanged at 6.25%
Avalokita Pandey / 08 Feb 2017
On Wednesday at 2:30 pm, the Reserve Bank of India (RBI) in its monetary policy announcement has maintained the status-quo of repo rate and kept it unchanged at 6.25 per cent.
On Wednesday at 2:30 pm, the Reserve Bank of India (RBI) in its monetary policy announcement has maintained the status-quo of repo rate and kept it unchanged at 6.25 per cent.
However, the market expected a reduction in repo rate (short-term lending rate) by 25 basis points (bps) to 6 per cent. One bps is a hundredth of a percentage point.
Inflation remains low at 3.4 per cent, which is below RBI's target.
Meanwhile, at the time of the announcement, the benchmark Sensex and Nifty50 were trading over half a per cent down.
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