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Breaking News: RBI keeps repo rate unchanged at 6.25%

Akanksha JainFeb 8, 2017, 14:30 IST

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.25%, exercising caution.

RBI Governor Urjit Patel opted for caution over volatility in inflation.

It is likely the RBI wanted to assess impact of global headwinds on the rupee.

The move also comes as the banks are brimming with funds post demonetisation.

The six-member Monetary Policy Committee (MPC) is also assessing the spike in crude oil prices and protection stance by US President Donald Trump.

In the last monetary policy, the RBI kept the rates unchanged and maintained an accommodative stance due to retail inflation, liquidity concerns, Seventh Pay Commission, etc.