Mumbai, April 8: The Reserve Bank of India (RBI) on Friday retained its key lending rate during the first monetary policy review of FY23.

Besides, the growth-oriented accommodative stance was also retained.

Accordingly, the Monetary Policy Committee (MPC) of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent. RBI Grade B Recruitment 2022: Apply For 294 Posts at rbi.org.in; Check Details Here.

It was widely expected that MPC would hold rates and the accommodative stance.

(The above story first appeared on LatestLY on Apr 08, 2022 11:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).