India: RBI maintains status quo for fourth time in a row; keeps key rate at 4%
Mumbai, Feb 5 (PTI) The RBI on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in future if need arises to support the economy hit by the COVID-19 pandemic.
The Reserve Bank's Monetary Policy Committee (MPC) voted unanimously to leave the repo rate unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the panel.