Mumbai: The six-member Monetary Policy Committee of the Reserve Bank of India (RBI), headed by Governor Shaktikanta Das, on Friday decided to maintain status quo on policy rate amid sticky rate of inflation.
The repo rate or the rate at which RBI lends to banks, stands unchanged at 4 per cent.
The reverse repo rate also stayed unchanged at 3.35 per cent.
The MPC committee members voted unanimously in favour of the decision, Governor Shaktikanta Das said.
"The MPC was of the view that inflation is likely to remain elevated with some relief in the winter months from prices of perishables and bumper kharif arrivals. This constraints monetary policy at the current juncture from using the space available to act in support of growth. At the same time, the signs of recovery are far from being broad-based and are dependent on sustained policy support," Das said.