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MPC maintains accommodative stance, keeps rates unchanged

  •   Fri, Dec 04 2020 10:29:33 AM

Mumbai, Dec 4 (IANS): To subdue unabatedly high inflation rate, the Reserve Bank of India (RBI) maintained the key lending rates.

Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate -- or short-term lending rate for commercial banks, at 4 per cent.

The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.
  

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Title: MPC maintains accommodative stance, keeps rates unchanged



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