RBI Monetary Policy Highlights: Lending Rates Unchanged, Growth Projected At 9.5%

Reserve Bank of India (RBI) Governor Shaktikanta Das announced the policy decision today, at the end of the scheduled review of the Monetary Policy Committee (MPC) that began on Wednesday, June 2, as it evaluates the economic impact amid the severity of the second wave of COVID-19. The Reserve Bank's monetary policy unanimously voted to maintain the repo rates - the key interest rates at which the RBI lends money to commercial banks ...