MUMBAI (Reuters) – The Reserve Bank of India held its key repo rate steady for a third straight policy meeting on Thursday, as widely expected, as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks.
The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%.
The standing deposit facility rate and the marginal standing facility rate also remained unchanged.
For a timeline of changes to the repo rate, click here.
Here is a timeline of changes to India’s standing deposit facility rate since April 2022.
*RATE (%) EFFECTIVE DATE
6.25 10-08-2023
6.25 08-06-2023
6.25 06-04-2023
6.25 08-02-2023
6.00 07-12-2022
5.65 30-09-2022
5.15 05-08-2022
4.65 08-06-2022
4.15 04-05-2022
3.75 08-04-2022
(Reporting by Bhakti Tambe)
