New Delhi, Aug. 6 -- The Reserve Bank of India's six-member Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 5.50 per cent following its three-day meeting held on August 4,5, and 6. By keeping the repo rate unchanged, the central bank showed its continued focus on maintaining a balance between growth and inflation.
The Monetary Policy Committee also decided to continue with a 'neutral' stance. It means that the central bank will neither go for increasing money supply in the economy, nor for reducing it.
RBI said, "After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate under the liquidity adjustment fa...