RBI cuts GDP growth forecast to 5%, keeps repo rate unchanged at 5.15%

Disappointing markets and borrowers, Reserve Bank of India’s (RBI's) monetary policy committee on Thursday decided to hold its repo rate – the rate at which it lends to banks at 5.15% even as it slashed its growth forecast by 90 basis points to 5% from 6% earlier.

from Times of India https://ift.tt/34VnPiM