The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.5% after its three-day Monetary Policy Committee (MPC) meeting chaired by Governor Sanjay Malhotra.
Along with this decision, the RBI Governor unveiled a set of measures aimed at making it easier to do business and improving the flow of credit in the economy.
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SIMPLER RULES FOR BUSINESSES
Flexibility in Bank Accounts: The RBI has suggested giving banks greater flexibility in opening and operating current accounts and CC/OD accounts for borrowers.
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