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RBI Keeps Repo Rate Unchanged

RBI Keeps Repo Rate Unchanged

Thursday, December 8, 2016, 1:18 PM
In the first review post demonetization which was held on Wednesday, Reserve Bank of India, kept the repo rate unchanged at 6.25%, against a widely anticipated cut of 25 to 50 basis points. The monetary policy committee headed by RBI Governor Urjit Patel and six other members, also retained reverse repo rate at 5.75%.
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