 "rbi, urjit patel")
In its first bi-monthly monetary policy review of 2018-19, the Reserve Bank of India’s (RBI’s) six-member monetary policy committee (MPC), headed by Governor Urjit Patel, on Thursday kept unchanged the key repo rate at 6 per cent and cash reserve ratio at 4 per cent. Also, the reverse repo rate was kept unchanged at 5.75 per cent.
The MPC, which started its 2-day meeting on Wednesday amid little hope of a rate cut, given a hardening in global crude oil prices, voted 5-1 in favour of the status quo in policy rates. The only member of the MPC to
The MPC, which started its 2-day meeting on Wednesday amid little hope of a rate cut, given a hardening in global crude oil prices, voted 5-1 in favour of the status quo in policy rates. The only member of the MPC to
