RBI Policy: Most decision by Reserve Bank in line with expert views


The Reserve Bank of India (RBI) left key interest rates unchanged on Friday as widely expected, while retaining an accommodative monetary policy stance to support the coronavirus-hit economy. The RBI sees India's real GDP contracting by 9.

5 per cent in the ongoing fiscal year, and economic growth only turning positive in the final January-March quarter, RBI Governor Shaktikanta Das said in a webcast after a meeting of the monetary policy committee (MPC). The MPC, as expected, kept the repo rate, its key lending rate, at 4.0 per.....

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