In the first monetary policy of the fiscal year, the Reserve Bank of India (RBI) decided to keep the key policy repo rate unchanged. This announcement was made in a two-day review meeting of the RBI’s Monetary Policy Committee (MPC). This move was already expected and now the RBI Governor Shaktikanta Das stamped it in the review meeting. The repo rate is the interest rate at which the central bank of any country (including RBI) lends money to commercial banks of the nation in the event of any shortfall of funds.