RBI Keeps Repo rate Unchanged

Why is it in news?
  • The Reserve Bank of India extended its accommodative policy stance, as it held key policy rates unchanged in the face of high inflation.
  • RBI reiterated its resolve to revive growth impulses in the economy and mitigate the COVID-19 pandemic’s worst impacts.
More from RBI:
  • The real GDP is projected to contract by 9.5 per cent for the full fiscal year.
  • The economy is likely to witness a recovery from 4th quarter (Q4).
Posted by Jawwad Kazi on 10th Oct 2020
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