The Reserve Bank of India (RBI) kept the repo rate unchanged at the current 5.15 per cent level but revised gross domestic product (GDP) growth projection to 5 per cent from 6.1 per cent for the current financial year 2019-20. Despite lower growth momentum, RBI said that inflation would be in the range of 5.1% to 4.7%
The Reserve Bank of India (RBI) kept the repo rate unchanged at the current 5.15 per cent level but revised gross domestic product (GDP) growth projection to 5 per cent from 6.1 per cent for the current financial year 2019-20. Despite lower growth momentum, RBI said that inflation would be in the range of 5.1% to 4.7%