RBI keeps rates unchanged at 4%, says GDP to contract by 9.5% this fiscal

By Shobhna Jain | Posted on 9th Oct 2020 | देश
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On expected lines, the Reserve Bank of India (RBI) on October 9, maintained a status quo on key lending rates and kept its policy stance 'accommodative’.

The Monetary Policy Committee (MPC) of the RBI took a unanimous decision to keep the repo rate unchanged at 4 percent and reverse the repo rate at 3.35 percent.

 

 

 


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