RBI keeps repo rate unchanged at 4%; maintains accommodative stance

The RBI MPC voted unanimously to keep the key policy rate unchanged

The Monetary Policy Committee (MPC) of the Reserve Bank of India on Friday decided to keep repo rate unchanged at 4 per cent. The reverse repo rate stays at 3.35 per cent. The central bank has projected the GDP growth for Q3 at +0.1 per cent and +0.7 per cent for Q4.

RBI Governor Shaktikanta Das said, "The MPC decided to continue with accommodative stance of the monetary policy as long as necessary, at least till the current financial year and into next year to revive growth on a durable basis & mitigate the impact of Covid-19 while ensuring that inflation