RBI keeps key policy rates unchanged

Reserve Bank of India keeps key interest rates unchanged at 8 per cent; reverse repo rate adjusted to 7 per cent

The RBI has decided to increase the liquidity provided under 7-day and 14-day term repos from 0.5 per cent of Net demand and term liabilities (NDTL) of the banking system to 0.75 per cent, and decrease the liquidity provided under overnight repos under the LAF from 0.5 per cent of bank-wise NDTL to 0.25 per cent with immediate effect.

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