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Mumbai: The Reserve Financial institution of India (RBI) on Thursday retained its key short-term lending charges throughout the sixth and last financial coverage assessment of FY22.
Apart from, the growth-oriented accommodative stance was retained to provide a push to financial exercise.
Accordingly, the Financial Coverage Committee (MPC) of the central financial institution maintained the repo price, or short-term lending price, for industrial banks, at 4 per cent.
Likewise, the reverse repo price was stored unchanged at 3.35 per cent, and the marginal standing facility (MSF) price and the ‘Financial institution Fee’ at 4.25 per cent.
It was extensively anticipated that MPC would maintain charges and the accommodative stance.
(IANS)
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