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Repo rate remains unchanged at 4%: RBI Governor

Aug 06, 2020 12:09 IST

The central bank's Monetary Policy Committee led by RBI Governor Shaktikantha Das on Thursday announced to leave the repo rate unchanged at 4%. The reverse repo rate also remained unchanged at 3.3%. The Committee has maintained its accommodative stance. While space for further monetary policy action is available it is important to use it judicially to maximise the beneficial effects on the underlying economy, Das said

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