RBI keeps repo rate unchanged, sees FY22 real GDP growth at 9.5%

Economic activity has evolved broadly along expected lines: Shaktikanta Das

The Reserve Bank of India’s monetary policy committee on Friday kept the key interest rates unchanged for a seventh straight meeting, while retaining an accommodative stance to help revive the economy amid coronavirus-related stress.

The repo rate and reverse repo rate would remain unchanged at 4 per cent and 3.35 per cent, respectively, said RBI Governor Shaktikanta Das in a statement on Friday, after a three-day meeting of the committee in Mumbai.

The central bank kept its FY22 GDP forecast at 9.5 per cent and it projected retail inflation for the same period to be 5.7 per cent from 5.1