RBI keeps repo rate unchanged at 5.5% for second consecutive time

The Reserve Bank of India’s Monetary Policy Committee on Wednesday kept the repo rate unchanged at 5.5% for the second consecutive time, citing global tariff-related uncertainties.

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.

A basis point is one-hundredth of a percentage point. Basis points are used to describe the percentage change in the value of a financial instrument.