Full text of RBI policy: Repo rate unchanged at 6%

Reverse repo rate stays at 5.75 percent

The Reserve Bank on Wednesday kept interest rate unchanged in view of the upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current financial year.

Consequently, the repo rate, at which it lends to banks, will stand at 6 per cent.

Here is the full text of the RBI's fourth bimonthly monetary policy statement

Fourth Bi-monthly Monetary Policy Statement, 2017-18  

Resolution of the Monetary Policy Committee (MPC) 

Reserve Bank of India 
 

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today,