RBI keeps repo rate unchanged at record low of 4% for 9th time in a row

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The RBI's Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at a record low of 4% and reverse repo rate at 3.35% amid concerns over the new COVID-19 variant Omicron. The rates were also left unchanged during the last MPC meeting in October 2021. This is the ninth straight time repo rate has been unchanged at 4%.

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