MPC maintains accommodative stance, keeps rates unchanged
Friday - December 4, 2020 10:21 am ,
Category : BUSINESS
Mumbai, Dec 4 (IANS) To subdue unabatedly high inflation rate, the Reserve Bank of India (RBI) maintained the key lending rates.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 rv/sn/sdr/
--IANS rv/sn/sdr/
