RBI maintains accommodative stance; repo rate intact at 4%

Mumbai, Aug 6 : The Reserve Bank of India (RBI) on Thursday maintained the key lending rates, leaving them unchanged.

Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate — or short-term lending rate for commercial banks, at 4 per cent.

The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.

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–IANS
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