NewsBusiness

RBI keeps key interest rates unchanged at 4 per cent

The Reserve Bank of India (RBI) on Wednesday (April 7) kept key interest rates unaltered and maintained an accommodative policy stance to nurture a fragile economic recovery amid new wave of Covid-19 cases.

The Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent. RBI had kept the key interest rate (repo) unchanged for the fifth consecutive meeting.

Announcing the bi-monthly policy today the governor said that the RBI will remain accommodative as long as necessary to sustain growth on a durable basis.

RBI said India’s GDP Growth is projected at 10.5 per cent in the financial year 2021-22 while inflation is seen at 5.2% in the first half of FY22.

In spite of surge in Covid-19 infections, the economic activity is normalising the governor said adding that urban demand has gained traction and should get fillip from recent vaccination drive.

Loading...

Post Your Comments

Back to top button