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RBI Keeps Lending Rate At 4%, Projects Real GDP Growth This Year At 9.5%
The RBI kept repo rate at four per cent and reverse repo at 3.35 per cent The RBI trimmed real GDP growth projection for FY2022 to 9.5 per cent RBI had last cut its policy rates on May 22, 2020, in an off-policy cycle
04 Jun 2021, 10:59 AM IST 
The Reserve Bank has slashed its key lending rates i.e. repo rate by 115 basis points since March 2020
The central bank has also projected real GDP growth of 9.5 per cent for this financial year, which is lower compared to the earlier estimate of 10.5 per cent due to the impact of the second Covid wave.
As per the gross domestic product (GDP) estimates government released earlier this week, the economy contracted by 7.3 per cent in financial year 2020-21, while the agriculture sector witnessed a growth of 3.6 per cent, and the ser...
