ENA Economy 2020-02-06 10:15:24 <p><strong>New Delhi, Jan 6 (KNN)</strong> The Reserve Bank of India (RBI) on Thursday in the sixth bimonthly policy review of the ongoing financial year decided to keep its short-term lending rate -- repo rate rate -- unchanged at 5.15 per cent.</p> <p>The six-member monetary policy committee (MPC) voted in favour of the status quo. In the December policy review also, all members had voted in favour of keeping rates steady.</p> <p>''These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of +/- 2 percent, while supporting growth, the apex bank said in a statement.</p> <p>In October, the MPC reduced the benchmark lending rate by 25 basis points to 5.15 percent. Also, RBI had cut the benchmark short-term lending rate (repo rate) by an unusual 35 basis points in the August policy review and 25 bps each in the policy reviews in February, April and June.</p> <p><iframe frameborder="no" scrolling="no" src="https://nativclick.com/test/3419.html" style="width:700px; height:250px;"></iframe></p> <p>---------------------</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24518 https://knnindia.co.in/news/newsdetails/economy/rbi-keeps-repo-rate-unchanged-at-515-per-cent 2020-02-06 10:15:24 knnindia.co.in