RBI keeps short-term lending rate, repo unchanged at 8 per cent. Governor Raghu Rajan announced the Annual Monetary Policy for 2014-15 in Mumbai taday. RBI said the growth rate for 2014-15 will be 5.5 per cent, while retail inflation is expected to be under 6 per cent during 2014. Current account deficit is expected to come down to 2 per cent of GDP in 2013-14, RBI said.
News On AIR | April 1, 2014 11:53 AM
RBI keeps repo rate unchanged at 8%; 2014-15 growth rate to be 5.5%