Monday, September 14
The Reserve Bank of India’s Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, unanimously decided to keep the repo rate unchanged at 5.5% in its latest policy review on Wednesday. This pause follows three consecutive rate cuts since February, totaling 100 basis points, and comes just ahead of the festive season, a period when credit demand typically rises. The committee also retained its Neutral stance. As a result, the Standing Deposit Facility (SDF) rate remains at 5.25% and the marginal standing facility (MSF) and bank rate stay at 5.75%. Repo rate is the key rate at which the central bank lends money to commercial banks. The decision also comes against the backdrop of US government's decision to implement a 25% tariff, effective August 7, which had introduced a fr
