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RBI maintains key lending rates as inflation rises

Rising inflationary pressure prompted India’s central bank, the RBI, on Wednesday to maintain its key lending rates. According to the…

IANS | Mumbai | October 4, 2017 2:47 pm

RBI maintains key lending rates as inflation rises

Representational image (Photo: Facebook)

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.

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