In its 5th bi-monthly monetary policy statement for 2019-20, the Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, decided to keep the policy repo rate unchanged at 5.15%. The MPC has also slashed GDP growth forecast to 5% from 6.1%. The committee maintained its accommodative stance. The status quo was voted unanimously by all the MPC members. That's all for today readers. Thank you for tuning in. For more latest news visit www.deccenherald.com.
Hello readers, the Reserve Bank of India is widely expected to cut the key policy repo rate by at least 25 basis points on Friday, overlooking inflation concerns as the economic growth has been declining at a faster rate and industry, which includes manufacturing, is closer to slipping into recession. Stay tuned for live updates.