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RBI LIVE: Repo rate unchanged at 4%, negative real GDP growth seen in FY21
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Topics
MARKET LIVE | RBI monetary policy | RBI Policy
SI Reporter |
Last Updated at August 6, 2020 12:22 IST
EVENT HIGHLIGHTS
RBI governor Shaktikanta Das
The Reserve Bank of India on Thursday kept repo rate unchanged at 4 per cent in its second bi-monthly monetary policy meeting for FY21. It maintained the stance as 'accommodative'. It kept the reverse repo rate unchanged at 3.35 per cent.
The RBI sees real GDP growth for FY21 as negative, governor Shaktikanta Das said.
The RBI sees real GDP growth for FY21 as negative, governor Shaktikanta Das said.
The benchmark S&P BSE Sensex surged 200 points, or 0.66 per cent, to trade at 37,871.The broader Nifty50, meanwhile, was at 11,178 level, up 77 points or 0.69 per cent.
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