NEW DELHI, Oct. 1 (Xinhua) -- India's central banking institution, Reserve Bank of India, on Wednesday announced it has kept the repo rate unchanged at 5.5 percent.
Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.
"After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the Monetary Policy Committee voted unanimously to keep the policy repo rate under the liquidity adjustment facility unchanged at 5.50 percent," reads a statement issued by the central bank.
"Consequently, the standing deposit facility rate remains at 5.25 percent while the marginal standing facility rate and the Bank Rate remain at 5.75 percent," it added.
According to the central bank, the committee also decided to continue with the neutral stance.
Meanwhile, the real GDP growth for 2025-26 is projected at 6.8 percent, with Q2 at 7.0 percent, Q3 at 6.4 percent, and Q4 at 6.2 percent. ■
