RBI keeps policy steady
Policy committee takes positive view of inflation and growth outlook, despite some external headwinds
The Reserve Bank of India has voted unanimously to hold rates following a meeting of its monetary policy committee on February 4–6.
The policy repurchase rate remains at 5.25%, the standing deposit facility rate at 5%, and the marginal standing facility rate and the bank rate at 5.5%.
In a statement, the bank said the near-term outlook for inflation and growth remained “positive”.
Headline consumer price index (CPI) inflation had remained low, the RBI said, at 1.3% in December and 0.7% the previous
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