A- A A+
Last Updated : Dec 9 2019 8:16AM     Screen Reader Access
News Highlights
PM Modi urges SAARC countries to take effective steps to defeat scourge of terrorism            Citizenship Amendment Bill scheduled to be introduced in Lok Sabha            Counting of Votes begins for bypolls in Karnataka            Seven UP policemen suspended for negligence in Unnao rape victim burning case            India maintains top spot with 252 medals in South Asian Games           

Business News

Oct 06, 2018
1:21PM

RBI keeps key policy rates unchanged; GDP growth for 2018-19 projected at 7.4 per cent

@RBI
RBI has kept all key policy rates unchanged in its fourth bi-monthly monetary policy review announced yesterday. A six-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel, decided to keep the repo rate unchanged at 6.5 percent and the reverse repo rate at 6.25 percent.

Repo rate is the rate at which RBI lends to banks, while the reverse repo is the rate at which RBI borrows money from banks.Marginal standing facility rate and the Bank Rate too were kept at 6.75 percent.

On the growth front, RBI retained GDP growth projection for 2018-19 at 7.4 per cent.

Economic Affairs Secretary Subhash Chandra Garg welcomed the MPC's decision, saying the GDP growth is expected to be higher than the RBI's projection.

Live Twitter Feed

Listen News

Morning News 8 (Dec) Midday News 8 (Dec) News at Nine 8 (Dec) Hourly 9 (Dec) (0605hrs)
समाचार प्रभात 8 (Dec) दोपहर समाचार 8 (Dec) समाचार संध्या 8 (Dec) प्रति घंटा समाचार 9 (Dec) (0600hrs)
Khabarnama (Mor) 8 (Dec) Khabrein(Day) 8 (Dec) Khabrein(Eve) 8 (Dec)
Aaj Savere 9 (Dec) Parikrama 8 (Dec)

Listen Programs

Market Mantra 8 (Dec) Samayki 8 (Dec) Sports Scan 8 (Dec) Spotlight/News Analysis 8 (Dec) Samachar Darshan 8 (Dec) Radio Newsreel 7 (Dec)
    Public Speak

    Country wide 28 (Nov) Surkhiyon Mein 28 (Nov) Charcha Ka Vishai Ha 4 (Dec) Vaad-Samvaad 26 (Nov) Money Talk 26 (Nov) Current Affairs 6 (Dec)