Sunday, April 2, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home Business

Repo rate left unchanged on fears of inflation: 6% GDP growth expected in 2020-21

by Janam Web Desk
Feb 6, 2020, 01:45 pm IST
in Business

New Delhi: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.15% on fear of inflationary pressure. The GDP growth rate was pegged at 6% for 2020-21.

The repo rate is the rate at which banks borrows from the RBI. The decision to keep the repo rate unchanged was taken by the six member Monetary Policy Committee (MPC) after deliberations. All the six members unanimously stood for not changing the rates of the repo rate.

The policy statement said, “The MPC recognises that there is policy space available for future action. The path of inflation is, however, elevated and on a rising trajectory through Q4:2019-20. The outlook for inflation is highly uncertain at this juncture. On the other hand, economic activity remains subdued and the few indicators that have moved up recently are yet to gain traction in a more broad-based manner.”

The decision of the MPC was determined by the fear of inflation. The inflation projection is at 6.5% for the fourth quarter. The committee said that some indicators of the economy have turned and point to a rise in economic activity. However, more data is needed to determine it.

Tags: FEATURED
ShareTweetSendShare

Related News

PM pays tributes to martyrs of Pulwama
News

PM pays tributes to martyrs of Pulwama

PM bows to Mahatma Gandhi on his Punya Tithi
News

PM bows to Mahatma Gandhi on his Punya Tithi

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival
News

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival

Latest News

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Vice President calls upon youth to practise and follow Fundamental Duties

Vice President calls upon youth to practise and follow Fundamental Duties

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets citizens on Republic Day

President of India graces the inauguration of 18th National Jamboree of the Bharat Scouts and Guides in Rajasthan

President of India to confer the Pradhan Mantri Rashtriya Bal Puraskar 2023 tomorrow

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets people of Meghalaya on their Statehood Day

PM congratulates RRR team on winning Golden Globe Award for Best Original Song ‘Naatu Naatu’

PM lays foundation stone and dedicates various developmental projects in Kodekal, Karnataka

Amit Shah greets NDRF on its 18th Raising Day

Amit Shah greets NDRF on its 18th Raising Day

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited