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RBI forecasts 2020-21 GDP growth at 6%, keeps repo rate unchanged

RBI forecasts 2020-21 GDP growth at 6%, keeps repo rate unchanged

Thursday, February 6, 2020, 8:25 PM

The Reserve Bank of India on Thursday kept the key repo rate unchanged 5.15 per cent in its first monetary policy review after Budget 2020-21. The six-member Monetary Policy Committee (MPC) maintained an accommodative stance in the sixth bi-monthly policy meet of 2019-20. It estimated a 6 per cent GDP growth rate for 2020-21 while projecting a 6.2 per cent growth rate for Q3FY21.
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