New Delhi, 7/4(AO Bureau); The Reserve Bank of India (RBI) has kept the repo rate unchanged at 4%. Interest rates on various loans will not be reduced after the RBI’s announcement. So customers are unlikely to benefit from it. The decision was taken at a meeting of the RBI Monetary Policy Committee (MPC), which began on May 5.
The information was given by RBI Governor Shaktikant Das after the meeting. Both reverse repo rates remained unchanged at 3.35% and bank rates at 4.25%. The country’s DGP is expected to grow by 10.5% in 2021-22 this year, according to the RBI. Mr. Das said the country’s financial situation was improving amid the Karona epidemic