Faster Recovery Than Expected: RBI Ups GDP Forecast From -9.5% To -7.5% - The Sikh Times
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Faster Recovery Than Expected: RBI Ups GDP Forecast From -9.5% To -7.5%

New Delhi: December 04, 2020 The Reserve Bank of India’s Monetary Policy Committee maintained the key lending rate unchanged at 4 per cent today, holding the rates at existing levels for a third straight review. The status quo on monetary policy was as expected by most economists, amid high levels of inflation and the country’s shrinking gross domestic product (GDP) as the country struggles against the coronavirus pandemic. This marks a third straight policy review with no change in key lending rates, after the RBI cut to repo rate to 4 per cent – the lowest since 2000 – following an out-of-cycle review in May.

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