RBI maintains accommodative stance; repo rate intact at 4%

Prameyanews English

Published By : Prameya News Bureau | August 06, 2020 IST

Mumbai, Aug 6: The Reserve Bank of India (RBI) on Thursday maintained the key lending rates, leaving them unchanged. Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate -- or short-term lending rate for commercial banks, at 4 per cent. The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts. (IANS)

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