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MPC maintains accommodative stance, keeps rates unchanged
Mumbai, Dec 4 - To subdue unabatedly high inflation rate, the Reserve Bank of India (RBI) maintained the key lending rates.
Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate -- or short-term lending rate for commercial banks, at 4 per cent.
The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.
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