RBI Monetary policy LIVE: Top priority inflation, not growth, says Das

RBI Monetary policy LIVE updates: As expected by market participants, RBI retained status quo on key interest rates. Governor Shaktikanta Das said. "Approach needs to cautious, but proactive". Stay tu

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RBI governor Shaktikanta Das

RBI Monetary policy LIVE: The six-member Monetary Policy Committee (MPC) voted unanimously to keep the repo rate unchanged at 4 per cent. MPC committee keeps reverse repo rate unchanged at 3.35 per cent as Russia's invasion of Ukraine added to a rise in inflation.
 

The repo rate or the short-term lending rate was last cut on May 22, 2020. Since then, the rate remains at a historic low of 4 per cent.

Key highlights

Repo rate held at 4% 

Reverse repo rate held at 3.35% 

Standing deposit facility activated; rate at 25 basis points below repo rate. 

Marginal standing facility rate at 25 basis points above repo rate.

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