RBI monetary policy: Repo rate unchanged at 4%, GDP growth projected at 10.5% in FY22 | Editorji
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RBI monetary policy: Repo rate unchanged at 4%, GDP growth projected at 10.5% in FY22

Feb 05, 2021 11:33 IST

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time and keeping the stance accommodative, in the first policy after Budget 2021. Meanwhile, the reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI. RBI governor, Shaktikanta Das said inflation has been better than what was expected in the December meeting. 

Saying that GDP growth was projected at 10.5 per cent for the next fiscal, Das said that the Budget had provided impetus to health and infra sectors.

 

National