Reserve Bank of India Retains Key Lending Rate During First Monetary Policy Review of FY23
The Reserve Bank of India (RBI) on Friday retained its key lending rate during the first monetary policy review of FY23.
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).