RBI Keeps Repo Rate Intact at 5.15%, Slashes Fiscal GDP Forecast to 5%

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The Reserve Bank of India (RBI) kept the repo rate fixed at 5.15 percent on Thursday.

However the Monetary Policy Committee (MPC) of the RBI slashed the Gross Domestic Product (GDP) forecast for this fiscal year to 5% from 6.1%.

The RBI in a statement said, “in view of the inflation growth, the MPC has decided to keep the repo rate unchanged.”

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