国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

India's central banking institution keeps repo rate unchanged at 6.5 pct

Source: Xinhua| 2018-10-05 17:50:08|Editor: xuxin
Video PlayerClose

NEW DELHI, Oct. 5 (Xinhua) -- India's central banking institution, Reserve Bank of India (RBI), on Friday announced it has kept the repo rate unchanged at 6.5 percent.

Repo rate is the rate at which the central bank lends money to commercial banks in the event of shortfall of funds.

"On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 percent," said a statement issued by RBI.

"Consequently, the reverse repo rate under the LAF remains at 6.25 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent."

The decision to keep the repo rate unchanged comes at a time when Indian currency is rapidly plunging against the U.S. dollar.

The RBI had last raised interest rates in two successive policy reviews in August and June this year.

Meanwhile, the central bank retained GDP growth estimate at 7.4 percent for fiscal year ending in March 2019.

The MPC is a committee of RBI that is responsible for fixing the benchmark interest rate in India. The meetings of the MPC are held at least four times a year and after every such meeting, it publishes its decisions.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001375132061
主站蜘蛛池模板: 呼伦贝尔市| 冀州市| 遵义市| 芜湖市| 无为县| 台北市| 迁西县| 板桥市| 新泰市| 天峻县| 团风县| 宁陕县| 安远县| 兴义市| 偏关县| 乐陵市| 凤冈县| 会泽县| 南和县| 林甸县| 赣州市| 吕梁市| 南靖县| 莱阳市| 枞阳县| 洮南市| 政和县| 泰来县| 姜堰市| 巴林左旗| 康马县| 山丹县| 平江县| 正蓝旗| 水富县| 右玉县| 康马县| 丰镇市| 云和县| 夏河县| 包头市|