Monetary policy: RBI retains short-term lending rates

Mumbai: The Reserve Bank of India (RBI) on Thursday retained its key short-term lending rates during the sixth and final monetary policy review of FY22.

Besides, the growth-oriented accommodative stance was retained to give a push to economic activity.

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.

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.

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

(IANS)