RBI, in its October monetary policy meet, maintained a status quo and kept the repo rate unchanged at 6.50 per cent. The reverse repo rate has also been kept unchanged at 6.25 per cent. The central bank's move came against the Street expectations as most of the experts had predicted a 25 basis points (bps) rate hike due to a weakening rupee and inflationary pressure due to high crude oil prices.
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Friday 5 October 2018
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Against Street expectations, RBI keeps repo rate unchanged at 6.50 per cent
Against Street expectations, RBI keeps repo rate unchanged at 6.50 per cent
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