RBI keeps repo rate and reverse repo rate unchanged; retains GDP growth projection at 10.5 per cent for Fiscal Year 2021-22

Reserve Bank of India Governor Shaktikanta Das today said that the monetary policy committee voted unanimously to leave the repo rate and reverse repo rate unchanged at 4 and 3.3.5 per cent, respectively. Announcing the bi-monthly monetary policy after the three-day-long meeting of the monetary policy committee, the Governor said the committee also unanimously decided to continue with the accommodative stance as long as necessary to sustain growth and continue to mitigate the impact of COVID-19 ...