RBI maintains accommodative stance; repo rate intact at 4%

Mumbai, Aug 6 The Reserve Bank of India (RBI) on Thursday maintained the key lending rates, leaving them unchanged.

Accordingly, the Monetary Policy Committee of the central bank maintained the repo rate or short-term lending rate for commercial banks, at 4 per cent.

The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.

( With inputs from IANS )