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India Keeps Rate Unchanged as Expected, Sees Econ Still Below Pre-COVID Levels
The monetary policy committee of India's central bank has resolved to keep the interest rates unchanged, in line with market expectation. The repo rate was kept at 4%, with the...
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India Keeps Rate Unchanged as Expected, Sees Econ Still Below Pre-COVID Levels
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2021/12/08 15:44
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The monetary policy committee of India's central bank has resolved to keep the interest rates unchanged, in line with market expectation. The repo rate was kept at 4%, with the reverse repo rate at 3.35%.

The central bank's Governor Shaktikanta Das expressed during a virtual meeting that, given the slack in the economy and the economic activity recovery that still remains at below pre-COVID levels, continued policy support is required to facilitate a broad-based and sustainable economic recovery, reported Reuters.
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