RBI policy: Repo rate unchanged at 5.15%; FY21 GDP growth projected at 6%

The committee voted 6-0 in favour of the status quo on the interest rates.

The monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at 5.15 per cent — a 10-year low in its last policy review of the financial year 2019-20 (FY20).

Consequently, the reverse repo rate stands unchanged at 4.90 per cent.

Further, the bank said it will maintain 'accommodative' policy stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target.

The committee voted 6-0 in favour of the status quo of the interest rates.

GDP growth forecast for the financial