Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed
threat to growth due to the resurgence of coronavirus cases. The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.
RBI Governor
Shaktikanta Das said the
Monetary Policy Committee (MPC) kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal.
MPC saw inflation edging up to 5.2 per cent in the first half of the new fiscal from 5 per cent in the January-March period and moderate to 4.4 per cent in Q3 of FY22.
SEE ALSO:
For the third consecutive day, a new unicorn is born from India as PharmEasy joins the billion dollar club
Raindrops on other planets could be key in search for life beyond the solar system
At least one in three DMart stores are in Maharashtra and that is squeezing Radhakishan Damani’s fortunes 