 "RBI, Reserve Bank of India")
The Reserve Bank of India's monetary policy committee (MPC) kept its key lending rate steady at record lows on Wednesday, as expected, with policymakers looking to gauge the impact of the Omicron coronavirus variant on the economic recovery.
The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%.
All 50 economists polled by Reuters had expected no change in the repo rate and did not expect a change before the second half of 2022.
COMMENTARY
GARIMA KAPOOR, ECONOMIST - INSTITUTIONAL EQUITIES, ELARA CAPITAL, MUMBAI
"Notwithstanding improving economic outlook
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