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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