RBI holds rates, hikes growth and inflation forecasts

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced a status quo on the interest rate, forecast a lower GDP (gross domestic product) contraction for the second half and sharply raised inflation projections. The policy is expected to push growth as it sends a signal that rates have bottomed but funds would be available at current rates for next few quarters.



December 04, 2020 at 11:39AM