Mumbai/IBNS, April 8 -- The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25% in its latest monetary policy announcement, according to media reports.
The decision was taken during the 60th meeting of the Monetary Policy Committee (MPC), held from April 6 to April 8.
After assessing evolving macroeconomic and financial conditions, the MPC unanimously voted to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.25%.
Accordingly, the standing deposit facility (SDF) rate remains at 5.00%, while the marginal standing facility (MSF) rate and the Bank Rate continue at 5.50%. The MPC also decided to retain its neutral stance.
The announcement came hours after a two-week US-Iran c...
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