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RBI keeps repo rate unchanged at 4%
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In line with street expectation, the Reserve Bank of India (RBI) in its October 2021 bi-monthly meeting of the Monetary Policy Committee kept the key lending rate, the repo rate, unchanged at 4 per cent and retained the monetary stance as ‘accommodative’. Consequently, the reverse rate will remain at 3.35%. This is the eighth consecutive time the MPC maintaining a status quo in rates.
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