RBI keeps repo rate unchanged

New Delhi, 8/10: The Reserve Bank of India’s monetary policy committee kept interest rates steady at record lows on Friday, as widely expected, but traders are awaiting its comments about inflation and liquidity normalisation for further clues on the outlook.



RBI’s key lending rate or the repo rate was held steady at 4 per cent while the reverse repo rate or the borrowing rate also stayed unchanged at 3.35 per cent.


All 60 economists polled by Reuters had said they expected no change in the repo or reverse rates, which have been kept steady since May last year.


“We derive comfort from the fact that the inflation trajectory is turning out to be more favourable than anticipated,” Governor Shaktikanta Das said in a speech after the policy decision.

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