RBI retains repo rate at 6.5%

As predicted by economists, the Reserve Bank of India’s Monetary Policy Committee (MPC) didn’t change the repo rate from 6.50 per cent.

Announcing the choice of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das mentioned on Friday that the committee unanimously determined to maintain the repo rate at 6.5 per cent.

The MPC is alert and ready to take vital actions which might be wanted, he mentioned.

The MPC met on December 6-8.

(With inputs from IANS)