Policy rates unchanged by RBI

Mumbai, Oct 4: The Reserve Bank of India today maintained status quo on key policy rates with the repo rate under liiquidity adjustment facility (LAF) unchanged at 6.0 per cent. Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent. The Monitory Policy Committee which concluded its two day fourth bimonthly review of the monetary policy meeting here today said that the decision was in consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of plus or minus 2 per cent, while supporting growth.  UNI