RBI keeps repo rate UNCHANGED at 6.50%

newsdesk:

Reserve Bank of India’s (RBI) has kept the Benchmark interest rate unchanged at 6.50%. The RBI has stayed on hold for the past 18 months and the meeting that just ended is the 50th meeting of the RBI Monetary Policy Committee since its inception in September 2016. The detailed assessment of the macroeconomic conditions helped the RBI to decide on the current rate stance. According to RBI Governor also said the MPC remains focussed on withdrawal of accommodation to ensure inflation ultimately aligns with the RBI target.