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Credit Policy: RBI keeps key interest rates unchanged- The News
Posted
December 8, 2016
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December 8, 2016
20
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5:35Now PlayingIn a dramatic twist, which is most likely to surprise the street and the general consensus, the Reserve Bank of India (RBI) in its fifth bi-monthly Monetary Policy Statement on Wednesday has kept the key interest rates unchanged. The RBI maintained a status quo on repo rate by keeping it at 6.25%. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75 %, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 %.
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