Tuesday, February 3, 2015

Reserve Bank keeps key interest rates unchanged

Reserve Bank keeps key
 interest rates unchanged

New Delhi: The Reserve Bank of India (RBI) Tuesday, 3rd February 2015,  decided to keep key interest rates unchanged in its sixth bi-monthly policy review.

The apex bank kept the repo rate, or the interest that banks pay when they borrow money from the RBI to meet their short-term fund requirements, unchanged at 7.75 percent.

The reverse repo rate, or the interest that the RBI pays to commercial banks when they park their surplus short-term funds with the central bank, has been maintained at 7 percent.

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