RBI keeps repo rate unchanged in first review post note ban
In the first bi-monthly credit policy review after demonetisation, the RBI on Wednesday kept the repo rate unchanged at 6.25%. This was the second monetary policy review headed by Urjit Patel after he took charge as the RBI Governor in September this year. In the last policy review in October, the RBI cut the repo rate by 0.25% to 6.25%.