Relief for borrowers: In surprise move, RBI keeps repo rate unchanged at 6.5% ...Middle East

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Relief for borrowers: In surprise move, RBI keeps repo rate unchanged at 6.5%
The central bank has already increased repo rate by a total of 250 basis points since May in a bid to contain inflation, though it has continued to remain above the RBI's comfort zone of 6 per cent most of the time. Repo rate is the rate at which the RBI lends to other banks.

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