RBI keeps repo rate and reverse repo rate unchanged, repo rate fixed at 4.0%

The Monetary Policy Committee of RBI has decided to keep the rates unchanged for the December review. Repo rate remains uninterrupted with 4.0% and reverse repo rate at 3.35%. MSF rate and Bank rate both stay unmodified at 4.25%. RBI governor Shaktikanta Das says, this step is taken considering the unabatedly high inflation rate and GDP is speculated to witness a negative 7.5% growth in FY21.