
RBI maintains status quo, keeps repo rate unchanged at 6.5 pc
New Delhi, Oct 6 (UNI) As widely expected by economists and market-watchers, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Friday decided to keep the policy repo rate unchanged at 6.50%. Repo rate refers to the interest rate at which the RBI lends to commercial banks. A high repo rate means cost…