RBI Monetary Policy: There is not much good news for the common people as the Reserve Bank of India has kept the repo rate unchanged at 6.50 per cent. Means you have to wait for cheap loan.
RBI Policy: The Reserve Bank of India has announced its monetary policy today. Reserve Bank of India Governor Shaktikanta Das has announced that no change is being made in the repo rate and reverse repo rate. The repo rate has been retained at 6.50 per cent. This is good news for the borrowers because now the banks have not found any reason to increase the loan interest rates.
Focus on reducing inflation
RBI Governor Shaktikanta Das said that the focus of RBI has been on reducing inflation and growth in our economy is intact.
At what level are the policy rates now
The RBI governor has not made any change in the repo rate and after this the repo rate is at 6.50 per cent. At the same time, the reverse repo rate remains unchanged at 3.35 percent. The bank rate remains at 6.75 per cent only.
