Full text: RBI keeps rates unchanged, cuts inflation projection

RBI keep the policy repo rate unchanged at 6.25%

The Reserve Bank of India on Wednesday kept its policy repo rate unchanged at 6.25 percent, as widely expected, while lowering its projections for inflation after recent data showed consumer prices rising more slowly. RBI last changed the policy rate with a 25 basis points cut in October.

Here is the full text of the RBI policy

Second Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), Reserve Bank of India.

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting on Wednesday, the Monetary Policy Committee (MPC) decided to:

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