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RBI Retains FY22 GDP Growth Projection at 10.5% Amid COVID Surge

The Quint
·1-min read

The Reserve Bank of India has kept the repo rate unchanged at 4 percent for the fifth time, maintaining an accommodative monetary policy stance to support growth and keep the inflation at the targeted level, Governor Shaktikanta Das said on Wednesday, 7 April. The reverse repo rate stands at 3.35 percent.

The projection of real GDP growth for 2021-22 has been retained at 10.5 percent, he said.

However, he pointed out that the recent surge in COVID-19 cases has created uncertainty over the economic growth recovery amid tightening of restrictions by some state governments.

(With inputs from PTI and ANI.)

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