RBI keeps repo rate unchanged at 4% for 9th time in a row

On Wednesday, the Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the six-member Monetary Policy Committee (MPC) had voted unanimously to keep the policy repo rate unchanged at 4 per cent. The rate has remained unchanged for the ninth time running. The reverse repo rate also remains unchanged at…

Sensex down over 150 points after RBI holds key rates, Nifty slips

Benchmark stock market indices fell after the Reserve Bank of India’s Monetary Policy Committee (MPC) kept key interest rates steady at record lows on Friday. The central kept the repo rate unchanged at 4% and the reverse repo rate, the borrowing rate, unchanged at 3.35%. The NSE Nifty 50 index was down over 38…