RBI Maintains Key Lending Rate At 4%, Retains GDP Growth Target At 9.5%

The Reserve Bank maintained the key interest rates unchanged for the seventh straight time and retained the GDP growth target at 9.5 per cent, while asserting that the country was “in a much better position compared to June 2021.” The repo rate would be unchanged at 4 per cent and the reverse repo rate would remain at 3.35 per cent, the RBI Governor Shaktikanta Das said at the end of the bi-monthly Monetary Policy Committee (MPC) review meeting. The central bank also decided to maintain an “accommodative” stance as the economy is yet to recover from impact of second Covid wave.

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