Repo rate remains unchanged at 4%, says Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das headed the six-member Monetary Policy Committee (MPC) on Thursday announced that the reverse repo rate remains unchanged at 4 per cent. "RBI keep repo rate unchanged at 4%, maintains accommodative stance. Reverse repo rate remains unchanged at 3:35%", said Das.

This is the tenth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.