Highlights

  • Repo rate unchanged
  • GDP forecast reduced

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RBI downgrades growth, raises inflation target keeps rates unchanged

RBI Governor reiterates that stance remains accommodative

RBI downgrades growth, raises inflation target keeps rates unchanged

RBI Monetary Policy latest updates: Reserve Bank of India kept repo rate and reverse repo rate unchanged. Stance remains accommodative which comes as a big relief to the markets. Here are the highlights of the RBI Policy-:

Also read/watch | Explained: How to withdraw cash at ATM without a card

  • Inflation forecast raised, price rise seen at 5.7% in current year
  • RBI Governor: War could impede Indian recovery due to global channels
  • Renewed covid concerns in some countries pose downside risk
  • RBI downgrades growth outlook, sees GDP growth at 7.2% in the current fiscal year

Frequently Asked Questions

The Reserve Bank of India (RBI) kept the repo rate and reverse repo rate unchanged.

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