RBI maintains repo rate at 4%, cuts 115 basis points this year
The monetary policy committee of RBI on Friday unanimously decided to keep the repo rate at 4% which is its lowest level. So far this year, RBI has cut the repo rate by 115 basis points. Significantly, in the fifth consecutive month of August, the retail inflation target range of RBI was 6.69%, up from 2-6%.
News Source: TimesOfIndia