RBI’s MPC keeps repo rate 'unchanged' at 6.5%; inflation outlook at 5.4%
MPC maintains "status quo" on key policy rate for fourth consecutive time, with 5 of 6 MPC members voting in favour
MPC maintains "status quo" on key policy rate for fourth consecutive time, with 5 of 6 MPC members voting in favour
When RBI raises the rate, the bank's borrowing costs go up, which reduces money supply and checks inflation.