MUMBAI (CU)_During its bi-monthly monetary policy meeting held on Thursday (10 February), the Reserve Bank of India decided to keep the repo rate and the reverse repo rate unchanged. It has been over one and a half years since the central changed its repo rate to 4 per cent in May 2020, while the reverse rate has been maintained at 3.35 per cent for even longer. Accordingly, while borrowers can breathe a sigh of relief, this decision of the central bank means there is no immediate respite for depositors who have been earning lowest interest rates on their fixed deposits.
No change in policy rates mean…
