India's central bank left its key interest rates unchanged, as widely expected, on Friday and introduced the Standing Deposit Facility to absorb the excess liquidity.
At the first bi-monthly meeting of the financial year, the Monetary Policy Committee of the Reserve Bank of India, led by Governor Shaktikanta Das, unanimously decided to retain the policy repo rate at 4.00 percent. The reverse repo rate was left unchanged at 3.35 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com