Policy support: RBI MPC retains accommodative stance, repo rate

by IANS |

Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Friday retained its key lending rate during the first monetary policy review of FY23.

Besides, the growth-oriented accommodative stance was also retained.

Accordingly, the Monetary Policy Committee (MPC) of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.

It was widely expected that MPC would hold rates and the accommodative stance.

Latest News
Quad is constructive, not to create any debt burden: India Sun, May 22, 2022, 06:00 PM
KCR, Kejriwal discuss national politics at luncheon meeting Sun, May 22, 2022, 05:54 PM
Thomas Cup win will fill India's youth with new enthusiasm and energy: PM Modi Sun, May 22, 2022, 05:42 PM
India take on arch-rivals Pakistan in Asia Cup hockey opener Sun, May 22, 2022, 05:38 PM
Virat Kohli, du Plessis react after MI's win over DC helps RCB to qualify for playoffs Sun, May 22, 2022, 05:34 PM
Israel reports 1st suspected case of monkeypox Sat, May 21, 2022, 02:01 PM
African countries report 7,985 newly confirmed Covid-19 cases as tally nears 11.59 mn Sat, May 21, 2022, 01:40 PM
Mexico's Prez urges US to legalise status of Mexican immigrants Sat, May 21, 2022, 01:27 PM
Moeen Ali's master-class has Matthew Hayden in awe Sat, May 21, 2022, 01:24 PM
Why 'no fear' and a 'fresh slate' make two new IPL franchises a force to reckon with Sat, May 21, 2022, 01:12 PM
PDP chief pays tributes to Mirwaiz, Lone Sat, May 21, 2022, 12:54 PM
Open Mettur Dam before June 12: PMK's Ramadoss Sat, May 21, 2022, 12:54 PM
Overnight sporadic rain bring relief in Delhi Sat, May 21, 2022, 12:53 PM
Rescue operations resume at collapsed J&K highway tunnel Sat, May 21, 2022, 12:41 PM
India reports 2,323 fresh Covid cases, 25 deaths Sat, May 21, 2022, 12:40 PM