EEPC India welcomes RBI monetary policy keeping repo rate unchanged

Kolkata, Aug. 6 -- Welcoming the RBI's decision to keep the repo rate unchanged at 5.5 per cent, EEPC India today hoped that the policy rate would be reduced in the coming months.

"Despite inflation remaining low, the RBI has maintained the status quo on the policy repo rate, keeping the key interest rate unchanged at 5.5 per cent as this indicated that the central bank has adopted a cautious approach while maintaining policy stability," EEPC India chairman Pankaj Chadha said in a statement.

"We welcome the RBI decision but hope that the policy repo rate will be reduced in the coming months," he added.

The Reserve Bank of India's Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, unanimously decided to keep the repo ra...