RBI keeps key interest rate unchanged at 4%

TIL Desk/Business/Mumbai/ The RBI’s Monetary Policy Committee has voted unanimously to keep the policy repo rate unchanged at 4%, for the ninth consecutive time.

The stance remains accommodative, RBI governor Shaktikanta Das said after the meeting.

The marginal standing facility rate and bank rate remain unchanged at 4.25%, while the reverse repo rate also remains unchanged at 3.35%.

RBI also retains the GDP growth target at 9.5% for FY22, Das said.