RBI, in its bimonthly policy review announced that the Policy Repo Rate will remain unchanged at 4% and Marginal Standing Facility and Bank Rate will remain at 4.25%.
The six member monetary policy committee reiterated the view that policy support from all sides is required to gain growth momentum and to nurture recovery after it takes root.
According to RBI, Real GDP growth is projected to grow at 9.5% in 2021-22.
