News From Press RBI holds repo rate: what does it mean for mutual fund investors?

RBI holds repo rate: what does it mean for mutual fund investors?

Source: Economic Times Apr 7, 2023

The Monetary Policy Committee decided to keep the key policy rate unchanged in its policy review on Thursday, the RBI governor said. The RBI maintained the repo rate, the rate at which it lends money to banks, at 6.50%. Most money market participants believed that the banking regulator would hike the rate by 25 basis points today and hit the pause button after that.

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