The Reserve Bank of India (File Photo) The Reserve Bank of India (File Photo)The Reserve Bank of India kept its lending rate unchanged at 6.25 per cent on Thursday for the third monetary policy review. It however, increased the reverse repo rate by 0.25 per cent to 6 per cent. After the RBI’s announcements, India Inc. said the central bank’s decision is on expected lines. The decision to hike reverse repo rate by 25 bps to 6% will control the liquidity surplus in the system. The Marginal standing facility (MSF) rate and the Bank Rate is reduced to 6.50 percent from 6.75 percent with no significant impact on bond markets,” added Patel.

Source: Indian Express April 06, 2017 12:00 UTC