RBI Monetary Policy Review: Why key rate was not hiked by Urjit Patel led MPC
The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy review statement today, keeping the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.
Repo Rate: Status Quo
MPC votes 5:1
1) To observe the evolving situation on inflation front (the recent inflation prints were lower than the projections on account of sharp slowdown in food inflation and accordingly, there has been a downward revision to the future inflation trajectory compared with August 1 projections) (Image: Reuters)