: RBI keeps interest rate unchanged but raises inflation forecast #finance #StockMarketNEWS #Business Mumbai: The Reserve Bank of India (RBI) on Friday expectedly kept interest rates unchanged at a
RBI keeps interest rate unchanged but raises inflation forecast #finance #StockMarketNEWS #Business
Mumbai: The Reserve Bank of India (RBI) on Friday expectedly kept interest rates unchanged at a record low as it chose to support economic revival despite raising its forecast for inflation.
The six-member Monetary Policy Committee (MPC) voted unanimously to retain the main repurchase (repo) rate the key lending rate at which the central bank lends short-term funds to banks at 4 per cent, but was split on continuing with the lower-for-longer stance.
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