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The Reserve Bank of India's Monetary Policy Committee (MPC) on Thursday retained key short-term lending rates during the sixth and final monetary policy review of FY22. Besides, the growth-oriented accommodative stance was also retained to give a push to economic activity.
The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent. Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.
The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent. Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.
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