Feb 07, 2018 14:54:03 (IST)
Here are some other key projections from the central bank's sixth bi-monthly monetary policy statement of 2017-18:
- GVA growth (value of goods and services) for 2017-18 projected at 6.6%
- Reverse repo rate (rate at which it borrows from commercial banks) kept unchanged at 5.75%
- Inflation forecast at 5.1% in fourth quarter of fiscal year 2018
- RBI estimates retail inflation in 5.1-5.6% range in first half of 2018-19, 4.5-4.6% in second half