New Delhi [India], October 6 (ANI): As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to other banks.
At the same time, it retained the overall 2023-24 GDP growth and inflation forecast