The Reserve Bank of India (RBI) on October 9 kept up the repo rate—its key loaning rate—unaltered at 4 percent.
Lead representative Das stated, “The Marginal Standing Facility (MSF) rate and the Bank rate stay unaltered at 4.25 percent. The opposite repo rate stands unaltered at 3.35 percent.”
In his discourse on October 9, The RBI Governor stated, “The MPC assessed homegrown and worldwide macroeconomic and budgetary conditions and cast a ballot collectively to leave the arrangement repo rate unaltered at 4 percent.