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In a world beset by economic volatility, India has managed to stay the course of high growth and succeeded in moderating inflation.
The current repo rate of 4% is the lowest in recent history and the RBI has let it unaltered. But it looks like that this rate can move only in one direction from now — up.
The RBI held the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35%.
The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the central bank's Monetary Policy Committee (MPC).