Maharashtra : The clamour for a status quo on key policy rates in RBI’s mid-quarter review of monetary policy in December has risen on expectations of a decline in core inflation amid hope of the positive effect of the monsoon on growth data. In a scenario where the appetite to lend has been low, a status quo on the repo rate, the rate at which banks borrow from the RBI for immediate liquidity needs, is likely to provide some relief to banks.The repo rate is currently at 7.75 per cent.

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