RBI keeps policy rates unchanged

Jun 04, 2021 AlShorts Web Desk

Reserve Bank of India has kept policy rates unchanged. The central bank's Monetary Policy Committee voted unanimously at its bi-monthly meet to keep repo rate- at which RBI lends money to banks- at 4 percent. Reverse repo rate at which RBI borrows money from the banks remains unchanged at 3.35 percent. RBI had last revised its policy rate on May 22, 2020.