RBI maintains key lending rates as inflation rises

Views: 13

Mumbai, Oct 4 (IANS) Rising inflationary pressure prompted India’s central bank, the RBI, on Wednesday to maintain its key lending rates.

According to the Reserve Bank of India’s fourth bi-monthly monetary policy review of 2017-18, the repurchase rate, or the short-term lending rate for commercial banks on loans taken from it, has been maintained at 6 per cent.

–IANS

rv/rn

Comments: 0

Your email address will not be published. Required fields are marked with *