RBI Keeps Key Lending Rates Unchanged

by Swarajya Staff - Dec 7, 2016 03:06 PM +05:30 IST
RBI Keeps Key Lending Rates Unchanged

Dr Urjit Patel (PUNIT PARANJPE/AFP/GettyImages

The Reserve Bank of India (RBI) on Wednesday kept the key lending rates at 6.25 per cent during the last monetary policy review of the calendar year 2016.

With this, the repurchase rate, or the short-term lending rate charged by the central bank on borrowings by commercial banks, remains unchanged to 6.25 per cent. The reverse repurchase rate also automatically stands lowered to 5.75 per cent.

With inputs from IANS

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