2Photo© thehindu.comRBI keeps repo rate unchanged at 5.25%
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The Reserve Bank of India’s Monetary Policy Committee on Friday kept the repo rate unchanged at 5.25%.
The repo rate is the interest rate at which the central bank lends money to commercial banks. The Monetary Policy Committee reviews the rate every two months.
The committee had cut the repo rate by 25 basis points from 5.50% in December and kept it unchanged in February and April.