RBI Keeps Key Lending Rate Unchanged At 6.5% For 10th Consecutive Time

A six-member Monetary Policy Committee (MPC) headed by Shaktikanta Das kept the repo rate unchanged at 6.5 per cent.

The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das announced today.

A six-member Monetary Policy Committee (MPC) headed by Mr Das kept the repo rate unchanged at 6.5 per cent.

This time three new members were inducted into the MPC, replacing outgoing external members. The new external members included in the MPC are Professor Ram Singh, Director, Delhi School of Economics, University of Delhi, Saugata Bhattacharya, economist; and Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development. They replaced Ashima Goyal, who served as the at emeritus professor, Indira Gandhi Institute of Development Research, Shashanka Bhide, honorary senior advisor, National Council of Applied Economic Research and Jayanth R. Varma, professor at Indian Institute of Management, Ahmedabad (IIM-A).