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The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday kept key policy rates unchanged for the ninth time in a row

·         The bank has kept the repo rate — the cost at that the Reserve Bank of India lends funds to banks — unchanged at four per cent and also the reverse repo rate — the cost at that Reserve Bank of India borrows from banks — at 3.35 per cent.

·         The bank rate — the cost at that Reserve Bank of India lends short-run funds to banks sans security — additionally remains unchanged at 4.25 per cent.

·         The unchanged repo rates can facilitate maintain the status quo on the prevailing low rate of interest regime for a few more time.

·         This works well for borrowers because the environment of affordability can continue.


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