RBI's decision on interest rate to support growth, check inflation: Industry
The monetary policy committee (MPC), which has three members from the central bank and a similar number of external members, held the benchmark repurchase rate (repo) at 6.50 per cent in a unanimous decision. Commenting on RBI's decision, Ficci president Subhrakant Panda said the central bank has adopted a balanced approach by maintaining status quo on policy rates which will support growth while targeting inflation which has inched up recently.
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