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.


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