RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%

RBI retains its growth outlook for the fiscal year started April 1 at 10.5%, unchanged from its February outlook.

The Reserve Bank of India kept key policy rates unchanged on Wednesday as the economy faces a renewed threat to growth from the Covid-19 pandemic, with new cases hitting a record.

Repo rate and the reverse repo rate remain unchanged at 4 per cent and 3.35 per cent. "The stance of the monetary policy will remain accommodative till the prospects of economic recovery are not sustained," said RBI governor Shaktikanta Das in Mumbai after a three-day meeting of the regulator’s monetary policy committee.

The central bank also retained its growth outlook for the fiscal year started April 1 at