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Business & Economy

RBI keeps repo rate unchanged at 6.5%, maintains stance of calibrated tightening

NetIndian News Network

Mumbai, December 5, 2018

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) today decided to keep its key policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 percent and maintain the stance of calibrated tightening.
Consequently, the reverse repo rate under the LAF remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
"The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth," the RBI said in its Fifth Bi-monthly Monetary Policy Statement, 2018-19.

(Our News Desk can be contacted at desk@netindian.in)

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