The RBI pledges to keep a vigil on the trends and signals of inflation, and be prepared to respond quickly and effectively through policy
The reverse repo rate was left unchanged at 3.25% while the repo rate was kept steady at 4.75%. These are at their historically lowest levels. The Bank Rate has been retained unchanged at 6%. The cash reserve ratio (CRR) of scheduled banks has been retained unchanged at 5% of net demand and time liabilities (NDTL).
