RBI’s MPC keeps repo rate 'unchanged' at 6.5%; inflation outlook at 5.4%
MPC maintains "status quo" on key policy rate for fourth consecutive time, with 5 of 6 MPC members voting in favour
bank rates
October 2023
February 2022
Budget 2022: Bank rate kept low to aid recovery
When RBI raises the rate, the bank's borrowing costs go up, which reduces money supply and checks inflation.
