RBI keeps repo rate unchanged at 8% in monetary policy review

The Reserve Bank of India (RBI) on Tuesday kept its key policy interest rate unchanged at eight percent.

Announcing the Annual Monetary Policy for 2014-15 here, Governor Raghuram Rajan said the growth rate for 2014-15 will be 5.5 per cent, while retail inflation is expected to be under 6 per cent during 2014.

Current account deficit is expected to come down to 2 per cent of GDP in 2013-14, he said.