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RBI keeps repo rate unchanged at 4 percent

| @indiablooms | Oct 08, 2021, at 03:50 pm
#RBI #ShaktikantaDas

Mumbai: The Reserve Bank of India on Friday announced the decision to keep repo rate unchanged at 4 percent.

RBI Governor Shaktikanta Das also announced that reverse repo rate will remain unchanged at 3.35 percent.

In his address, he said: "Monetary Policy stance remains accommodative as long as necessary to revive and sustain growth and mitigate the impact of COVID19 pandemic."

RBI retained GDP growth target at 9.5 pc in FY22, Das said.

More detail awaited.

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