New Delhi, April 8 -- The Reserve Bank of India (RBI) kept the policy repo rate unchanged at 5.25 per cent, with the Monetary Policy Committee (MPC) opting for a cautious, data-dependent approach amid heightened global uncertainties while expressing confidence in the resilience of the domestic economy.
The decision was taken unanimously at the MPC's 60th meeting held from April 6- 8 under the chairmanship of Governor Sanjay Malhotra.
The committee also retained its 'neutral stance', keeping the standing deposit facility (SDF) rate at 5.00 per cent and the marginal standing facility (MSF) rate and Bank Rate at 5.50 per cent.
Explaining the rationale behind this decision, RBI Governor Sanjay Malhotra said, "Geopolitical uncertainties have ...