RBI has kept policy rate unchanged at 6(point)25 per cent at the conclusion of its sixth bimonthly meet today. In a press statement, the apex bank said, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee, MPC decided to keep the policy repo rate under the Liquidity Adjustment Facility unchanged at 6.25 per cent. <br/><br/>It lowered GDP growth forecast for the current fiscal to 6.9 per cent. However the apex bank expects a rebound in GDP growth to 7.4 per cent next year. <br/><br/>Following the RBI's announcement, the Sensex plunged by over 180 points in afternoon trade.<br/><br/>In the last policy review in December, RBI had decided to<br/>keep policy rate unchanged.

RBI has kept policy rate unchanged at 6.25 per cent at the conclusion of its sixth bimonthly meet today. In a press statement, the apex bank said, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee, MPC decided to keep the policy repo rate under the Liquidity Adjustment Facility unchanged at 6.25 per cent. <br/><br/>It lowered GDP growth forecast for the current fiscal to 6.9 per cent. However the apex bank expects a rebound in GDP growth to 7.4 per cent next year. <br/><br/>Following the RBI's announcement, the Sensex plunged by over 180 points in afternoon trade.<br/><br/>In the last policy review in December, RBI had decided to<br/>keep policy rate unchanged.