RBI MPC meeting: Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday, April 8, announced a status quo on repo rate and monetary policy stance, citing increased inflationary risks due to geopolitical developments, even as the fundamentals of the Indian economy remain on a strong footing at the current juncture.
The Monetary Policy Committee (MPC) of the RBI decided to keep the repo rate unchanged at 5.25%, and maintain the policy stance as “neutral”.
RBI monetary policy: Key highlights
1. Repo rate, policy stance unchanged for the second consecutive meeting
The central bank maintained the repo rate and policy stance unchanged for the second consecutive policy meeting in April. In February as well, the had held rates steady and maintained a neutral stance after cutting the repo rate by 25 basis points in December last year.
(This is a developing story. Please check back for fresh updates.)
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