MUMBAI, Reuters – On Friday the Reserve Bank of India’s monetary committee maintained the key lending rate at a record level. This was in line with its efforts to promote economic growth despite the fact that inflation has risen following the Russia-Ukraine conflict.

The repo rate or lending rate was held at 4% by the monetary policy committee. Shaktikanta das, RBI Governor, said that the MPC also voted “accommodatively” to maintain the monetary policy stance.

According to the central bank, it will restore liquidity adjustment facility’s width to 50 basis points.