Repo rate remains unchanged at 4%, announces RBI Governor Shaktikanta Das

The Reserve Bank of India Governor Shaktikanta Das has announced that the repo rate and reverse repo rate will be retained at 4% and 3.35% respectively, this would be the sixth consecutive time that these would have been left unchanged. The RBI’s action was in line with the consensus among economists about a status-quo in rates. The central bank has also downgraded the GDP growth forecast for FY22 to 9.5 percent compared to 10.5 percent earlier. To know more about the story, have a look at this video.