No shockers: RBI keeps repo rate unchanged at 6.5%

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No shockers: RBI keeps repo rate unchanged at 6.5%

Dec 05, 2018 16:20 IST

In a no - surprises move, the Reserve Bank of India on Wednesday kept the repo rate unchanged at 6.5 per cent. The monetary policy committee also kept the reverse repo rate unchanged at 6.25 per cent. In its 3-day meeting, the Central Bank decided to cut the statutory liquidity ratio by 25 basis points every quarter till it comes down to 18 per cent. Meanwhile, the 10-year bond yield declined after RBI in a post-meeting presser said that it will conduct more open market operations.

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