New Delhi, Dec. 5 -- In its accommodative stance to support the economy to revive growth and ensure that inflation remains within the targets, the Reserve Bank of India on Thursday decided to keep the major policy rate unchanged at 5.15 per cent.
In its fifth bi-monthly monetary policy for this fiscal year, the RBI said, "The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture."
All the six members of the panel decided to continue with the stance to support the economy and voted in favour of a rate pause.
Published by HT Digital Content Services with permission from New Delhi Times....