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The Reserve Bank of India headquarters in Mumbai.(HT File Photo)

Monetary policy: RBI keeps repo rate unchanged at 6%, maintains ‘neutral’ stance

New Delhi | By Press Trust of India
UPDATED ON APR 05, 2018 03:01 PM IST
The repo rate, at which the central bank lends short-term money to other banks, will continue to be 6%. The reverse repo, rate at which it borrows from banks and absorbs excess liquidity, will remain at 5.75%.
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