The monetary policy committee, headed by Reserve Bank of India governor Urjit Patel, in its Second Bi-monthly Monetary Policy on Wednesday kept the central bank’s repo rate unchanged at 6.25 percent and reverse repo rate unchanged at six percent respectively. The reason for the unchanged rates can be inflation numbers, implementation of GST and the occurrence of El Nino, say reports.
By Vikraman Maniraj | Jun 7, 2017 4:30 PM #RBI #RepoRate #ReverseRepoRate
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