Top headlines: Repo rate unchanged at 4%; BCCI, Vivo suspend partnership

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RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative

The Reserve Bank of India (RBI) on Thursday decided to keep the benchmark repo rate unchanged at 4 per cent, already at the lowest since 2000, and reverse repo rate at 3.35 per cent. In view of the Covid-19 pandemic and the resultant stress in the system, the central bank also decided to allow lenders to provide a restructuring facility on some loans that were standard as on March 1, 2020. An expert committee will be set up under K V Kamath to thrash out modalities and look into