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RBI monetary policy review: Governor Urjit Patel maintains status quo on key rates

The Financial Express logo The Financial Express 06-04-2017

As widely expected by the markets and experts, the Reserve Bank of India (RBI), in its first monetary policy of this financial year on Thursday, maintained a status quo on key interest rates. RBI Governor Urjit Patel had kept key interest rate on hold at 6.25 per cent during his last policy review on February 8. He had said then that he would wait for more clarity on the inflation trend and impact of demonetisation on growth before going in for change in the key policy rate.

Below are the key highlights from RBI’s monetary policy review: keeps repo rate unchanged at 6.25 per cent

Details to come...

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