Economy

RBI Keeps Repo Rate at 6.25% for Third Meeting in a Row

People walk past the Reserve Bank of India (RBI) head office in Mumbai, India, November 9, 2016. Credit: Reuters

People walk past the Reserve Bank of India (RBI) head office in Mumbai, India, November 9, 2016. Credit: Reuters

Mumbai: The Reserve Bank of India (RBI) kept its repo rate at 6.25% for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up in inflation and an uncertain global economic environment.

All 60 economists polled by Reuters had predicted the RBI’s six-member monetary policy committee (MPC) would keep the repo rate at the same level since October.

The MPC’s vote was 6-0. All four meetings under the panel format so far have produced unanimous decisions.