RBI keeps repo rate unchanged at 6.50% for second time in a row
The Reserve Bank of India has kept the repo rate, the rate at which banks borrow from RBI, unchanged at 6.50% in its fifth bi-monthly monetary policy review of 2018-19. The status quo comes amid moderation in GDP growth and easing inflation. After back-to-back hikes since June, the RBI had kept interest rates unchanged in the October policy review.