RBI Leaves Key Rates Unchanged: "Continued Policy Support Warranted"
NDTV
The Reserve Bank of India on Thursday kept the repo rate unchanged at 4 per cent for the 10th time in a row and continued with "accommodative" stance. The reverse repo rate has also been kept unchanged at 3.35 per cent.
New Delhi: The Reserve Bank of India on Thursday kept the repo rate unchanged at 4 per cent for the 10th time in a row and continued with "accommodative" stance. The reverse repo rate has also been kept unchanged at 3.35 per cent.
RBI governor Shaktikanta Das said that the decision has been taken as continued policy support was warranted to support economic growth.
The RBI chief stated that the GDP (gross domestic product) growth of 9.2 per cent in FY22 (2021-22) would take the economy above pre-pandemic level and projected 7.8 per cent growth for the next financial year 2022-23.
The Reserve Bank has pegged CPI or retail inflation at 5.3 per cent for FY22 and 4.5 per cent in 2022-23. The RBI mainly factors in retail inflation while arriving at its policy decision.
