RBI keeps repo rate unchanged at 4% for 10th time in a row

February 10, 2022 11:35 AM

The RBI's Monetary Policy Committee (MPC) on Thursday kept the repo rate unchanged at a record low of 4% for the 10th consecutive time.

The reverse repo rate also remains unchanged at 3.35%. The reverse repo rate is the rate at which RBI borrows money from banks.

"Accommodative stance" will continue as long as needed, RBI Governor Shaktikanta Das said.

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