RBI Keeps Rate At Which It Lends Money To Banks Unchanged At 4%

The RBI has keeps the rate at which it lends money to banks unchanged at 4 per cent and the reverse repo rate - the rate at which RBI borrows money from banks - unchanged at 3.35 per cent. The Reserve Bank Governor made the announcement at the end of the three-day Monetary Policy Committee (MPC) that started on Wednesday.

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