Reserve Bank of India has not changed the repo rate for the fourth consecutive time. In the last three policy meetings, the Reserve Bank has maintained the status queue on the interest rates front. In August last year, the repo rate was reduced by 0.25 percent to 6 percent, which is its low level of six years.
The meeting of the six-member monetary policy committee has happened in a time when the government has stressed that the fiscal deficit and revenue deficit for 2017-18 will be less than the revised estimate of the general budget.
Published On : 05 Apr 2018