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 coronavirus cases.
The central bank kept the benchmark repurchase rate unchanged at four percent 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 percent for the current fiscal.
MPC saw inflation edging up to 5.2 percent in the first half of the new fiscal from five percent in the January-March period and moderate to 4.4 percent in Q3 of FY22.
from Firstpost India Latest News https://ift.tt/31PLotz
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