RBI offers no respite to borrowers, keeps interest rates unchanged

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New Delhi, Feb 08 :
Giving no respite to borrowers, the Reserve Bank for the second time in a row on Wednesday opted for a status quo in its key rates but shifted the stance of the monetary policy from ‘accommodative’ to ‘neutral’.
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The RBI monetary policy committee today voted 6-0 to keep the repo rate at which it lends to the system at 6.25 percent, marking its third straight unanimous decision since being established in September.
Accordingly, the reverse repo rate at which it absorbs excess liquidity is also retained at 5.75 percent.

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