The Reserve Bank of India in its last bi-monthly monetary policy committee (MPC) meeting of the year on Thursday has maintained the key repo rate at 5.15 percent while keeping its policy stance as "accommodative." The RBI's decision comes against the wider expectation of a rate cut. The current 5.15 percent rate is the lowest in nine years. The MPC was led by the RBI governor Shaktikanta Das and all six members voted in favour of the decision.

To maintain a balance between growth-boosting measures and inflationary pressure, the Reserve Bank of India on Thursday kept key lending rates unchanged. The central bank's monetary policy committee (MPC) in its fifth review of the current fiscal kept the repo, or short term lending rate for commercial banks, at 5.15 percent.

Elaborating upon the decision to keep the repo rate unchanged, Das said that there has been "signs of resilience" in the economy since the 25 basis point reduction in the last MPC meeting in October, while inflation has been benign.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged in the December policy. With...