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RBI revises inflation and growth forecasts; holds policy rates

In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent

Topics
RBI monetary policy | India economy | Gross Domestic Product (GDP)

Subrata Panda  |  Mumbai 



Photo: Bloomberg
Photo: Bloomberg

Reserve Bank of India's (RBI) six-member monetary policy committee (MPC) on Friday voted unanimously to keep the policy repo rate unchanged at 4 per cent and decided to remain accommodative but focus on withdrawal of accommodation to ensure remains within the target while also supporting growth.

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First Published: Fri, April 08 2022. 10:36 IST

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