RBI to announce its fifth bi-monthly monetary policy review of current financial year today

The Reserve Bank of India (RBI) will announce its fifth bi-monthly monetary policy review of the current financial year this afternoon. The six-member Monetary Policy Committee, headed by RBI Governor Urjit Patel, began its three-day meeting on Monday. 

After back-to-back hikes, the apex bank had kept the



key interest rates unchanged in the last policy review in October. 

The repo-rate, the rate which RBI lends to commercial banks, currently stands at 6.5 per cent. The Reverse repo-rate, the rate at which RBI borrows money from the banks, is 6.25 per cent.