No change in interest rates, Reserve Bank announced Monetary policy


New Delhi: Reserve Bank of India announced monetary policy. The repo rate for banks will remain at 4 percent. The reverse repo rate on loans to the Reserve Bank of India (RBI) will remain at 3.35 percent.
The Reserve Bank of India (RBI) has said it will continue to support the stimulus package. The RBI has projected GDP growth of 10.50 percent in the current financial year.