RBI Policy: Repo rate steady at 4%, stance remains accommodative | Business – Times of India Videos

The monetary policy committee (MPC) on October 8 kept the key lending rate, the repo rate, unchanged at 4 percent and retained the monetary stance as ‘accommodative’. An accommodative stance refers to the rate setting panel’s willingness to either cut rates or remain on hold. Repo is the rate at which the central bank lends short-term funds to banks.