India's central bank decided to leave its key interest rate unchanged at a record low and to stop further purchase of government securities from the secondary market.
The Monetary Policy Committee, led by Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 4.0 percent, the Reserve Bank of India said in a statement on Friday. The decision was in line with expectations.
The reverse repo rate was left unchanged at 3.35 percent and the marginal standing facility rate and the Bank Rate at 4.25 percent.
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