RBI keeps interest rates unchanged for fourth meeting in a row

Mumbai: The Reserve Bank of India expectedly left its key interest rate unchanged on Friday as inflation remains a major risk, and signalled it would keep liquidity tight using bond sales to bring prices closer to target.

The monetary policy committee, 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 for the fourth consecutive meeting in a row. It retained 'withdrawal of accommodation' stance.

Governor Shaktikanta Das said the central bank has identified high inflation as a major risk to macroeconomic stability and sustainable growth and "remains resolutely focused on aligning inflation to the 4 per cent target on a durable basis".