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RBI decided to rationalise the risk weights by linking them only with LTV (Loan to Value) ratios for all new housing loans sanctioned up to March 31, 2022

The central bank had slashed the repo rate by 115 basis points since late March before hitting a pause button in August

RBI's six-member Monetary Policy Committee on Friday voted unanimously to retain the repo rate at 4 per cent while keeping its policy stance accommodative

The government has appointed three economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the MPC.

The development comes after CAIT wrote a letter to Union Finance Minister Nirmala Sithraman on March 9, 2020 seeking clarification whether or not currency notes are carriers of bacteria and viruses