RBI Keeps Rate Unchanged In Unexpected Move, Sharply Cuts Growth Target | Read

PUBLISHED ON: December 5, 2019 | Duration: 3 min, 17 sec

  
loading..
The Reserve Bank of India's six-member Monetary Policy Committee (MPC) unanimously kept the repo rate unchanged at 5.15 per cent on Thursday. Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks. The MPC however lowered its growth forecast to 5 per cent for the current financial year while maintaining an "accommodative" stance, after inflation breached its medium-term target of 4 per cent for the first time in October after 15 months.
ALSO WATCH
RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System

................................ Advertisement ................................

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com