India's central bank keeps repo rate unchanged

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India's central bank keeps repo rate unchanged

STORY: India's central bank keeps repo rate unchanged SHOOTING TIME: Feb. 8, 2024 DATELINE: Feb. 9, 2024 LENGTH: 0:00:56 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of the Reserve Bank of India 3. various of banks STORYLINE: India's central bank the Reserve Bank of India Thursday announced that it has kept the repo rate unchanged at 6.5 percent. Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds. This is the sixth time in a row India's Monetary Policy Committee has decided to keep the key rates unchanged. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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