RBI keeps key interest rate unchanged.

Journalist Gauri Lankesh’s colleagues to launch a new newspaper to continue her legacy.
December 6, 2017
IPL franchises allowed five player retentions.
December 6, 2017

RBI keeps key interest rate unchanged.


The economic growth forecast too remains unchanged at 6.7 per cent.

RBI today kept the key interest rate unchanged, on the expected lines, but raised the inflation forecast for the remainder of the current financial year to 4.3- 4.7 per cent.

The 6-member Monetary Policy Committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi- monthly review, kept repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.

It said the reason for the decision was “achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of /- 2 per cent, while supporting growth”.

The central bank kept the economic growth forecast unchanged at 6.7 per cent for the fiscal ending March 31.

Source : https://goo.gl/EFWNja



Subscribe For Latest Updates

Signup for our newsletter and get notified when we publish new articles for free!