RBI Governor said - there is no justification for relaxation in the current situation
The meeting of the MPC, which takes decisions on policy rates, was held between August 6 and 8 and two members advocated reducing the repo rate. On August 8, RBI announced to keep the repo rate unchanged for the ninth consecutive time. Two other members of the MPC, Ashima Goyal and Jayant R Verma, advocated a cut in the repo rate by 25 basis points.
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