![RBI’s MPC keeps repo rate 'unchanged' at 6.5%; inflation outlook at 5.4%](https://images.assettype.com/fortuneindia%2F2022-02%2F65442790-8651-44e8-a1f9-898232dee237%2FRBI.jpg?rect=0,120,1920,960&w=300&q=95)
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.