Mumbai: The Reserve Bank of India (RBI) Friday retained its key lending rate during the first monetary policy review of FY23.
Besides, the growth-oriented accommodative stance was also retained.
Accordingly, the Monetary Policy Committee (MPC) of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.
It was widely expected that MPC would hold rates and the accommodative stance.