RBI maintains status quo on key lending rate

Mumbai, Feb 8:

India's central bank on Wednesday kept its key lending rate unchanged at 6.25 per cent.

The RBI's Monetary Policy Committee (MPC), during its third bi-monthly monetary policy review -- the sixth and final one for the fiscal 2016-17, kept the repurchase rate, or the short-term lending rate it charges on borrowings by commercial banks, unchanged at 6.25 per cent.

The reverse repurchase rate automatically remained unchanged at 5.75 per cent. (IANS)