Chennai, February 8: Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent. The repo rate is the rate at which the RBI lends to the commercial banks.

Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Thursday that the committee decided to keep the repo rate at 6.5 per cent. RBI Repo Rate Update: Reserve Bank of India Keeps Repo Rate Unchanged at 6.5%.

The MPC also decided not to change its stance from 'withdrawal of accommodation'. The MPC met on February 6-8.

(The above story first appeared on LatestLY on Feb 08, 2024 10:34 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website