BREAKING NEWS
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One dead, 66 rescued after ferry capsizes off Mumbai coast
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Senior India off-spinner R Ashwin announces retirement from international cricket
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Markets decline in early trade amid foreign fund outflows; all eyes on US Fed interest rate decision
Mysuru Development Authority Bill tabled in Karnataka Assembly
Shaw dropped from Mumbai’s Vijay Hazare squad, asks ‘what more do I have to see?’
Congress prepares for centenary celebration of Mahatma Gandhi’s historic 1924 Belagavi Session
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Concept of simultaneous elections not new to India, says govt in explainer
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Rahul makes fifty as India reach 105/5 at rain interruption
RBI keeps interests rates unchanged
PTI, Apr 7, 2021, 11:15 AM IST
Mumbai: 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 COVID-19 cases.
The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained an 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.
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