RBI keeps policy rate unchanged 8th time in a row; maintains accommodative stance

RBI's Monetary Policy Committee (MPC) decided to keep key rates unchanged, said Governor Shaktikanta Das, announcing the outcome of the three-day bi-monthly review on Friday. Das said the MPC voted to keep the repo rate unchanged at 4% and maintained an accommodative stance to support growth. Reverse repo rate also remains unchanged at 3.35%.

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