Reserve Bank of India (RBI) in its bi-monthly monetary policy on Friday kept the repo rate unchanged at 6.50%. The repo rate is the rate at which RBI lends money to banks. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focussed on “withdrawal of accommodation.” What does a pause mean for mutual fund investors? The Reserve Bank of India has been holding the rates since February 2023 to contain the inflationary pressure in the economy.
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