RBI maintains established order, retains repo fee unchanged at 6.5 % for seventh consecutive time – The Financial Occasions Video

Not belying the expectations of senior economists, the Reserve Financial institution of India’s (RBI) Financial Coverage Committee (MPC) retained the repo fee at 6.50 per cent. The repo fee is the speed at which the RBI lends to industrial banks. Asserting the MPC majority determination, RBI Governor Shaktikanta Das mentioned on Friday that the repo fee has been retained at 6.5 per cent. Consequently, the Standing Deposit Price (SDF) can be 6.25 per cent, and Marginal Standing Facility and the Financial institution Price can be 6.75 per cent, Das mentioned.