RBI maintains status quo on key rates

The Monetary Policy Committee of the Reserve Bank of India has decided to maintain status quo on key policy rates.

The policy repo rate remains unchanged at four per cent.

>

“MPC voted unanimously to leave the policy repo rate unchanged at four per cent. The MPC also unanimously decided to continue accommodative monetary policy in the current fiscal and next year,”said RBI Governor Shaktikanta Das, who chairs the MPC, on Friday.

This would help spur growth while keeping inflation under control.