RBI keeps Repo Rate and CRR unchanged
TNI Bureau: The Reserve Bank of India kept the Cash Reserve Ratio (CRR) and repo rate unchanged. The central bank would bring a huge relief to the loan takers as it hinted at the rate cut in the third quarter policy review, which is slated on January 29.
As per the latest policy rates, the repo rate were at 8% and CRR was at 4.25%.
The RBI on Tuesday hinted at easing of rates in January as the inflation seems to have declined. It also lauded the government’s economic reforms and policies.