India's central bank maintains repo rate, targets 7.2 pct GDP growth

by Pankaj Yadav

NEW DELHI, Aug. 8 (Xinhua) -- India's central bank, the Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 percent.

Repo rate is the RBI's interest rate for short-term loans extended to the commercial banks in the South Asian country.

This was the ninth consecutive time when the repo rate was kept unchanged, media reports said.

Announcing t