RBI Monetary Policy highlight: Stance will continue as long as it necessary to revive growth, says Das.
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 accomodative stance. The status quo was voted unanimously by all the MPC members.