RBI Keeps Key Lending Rate Unchanged At 6.5% For 4th Consecutive Time

Mumbai:

The Reserve Bank of India (RBI) today decided to keep its key lending unchanged at 6.5% for the fourth consecutive time. The decision was taken unanimously at the central bank’s Monetary Policy Committee (MPC) meeting, said RBI Governor Shaktikanta Das.

This means the loan interest rates too are likely to remain unchanged.

We have identified inflation as a major risk to sustainable growth, said the RBI Governor.

“The overall inflation outlook is clouded by uncertainties from the fall in Kharif sowing for certain key crops like pulses and oil seeds, lower reservoir levels and volatility in global food and energy prices,” said Mr Das.