Last Updated : Dec 14 2018 11:09PM     Screen Reader Access
News Highlights
Jaitley rules out JPC on Rafale deal; says it protects country's security and commercial interests            SC dismisses petitions seeking court-monitored probe into Rafale deal            Ashok Gehlot to be new Rajasthan CM; Sachin Pilot deputy CM            PM Modi says, his govt launched several connectivity projects for development of southern India            Noted English writer Amitav Ghosh honoured with Jnanpith Award           

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 14 (Dec) Midday News 14 (Dec) News at Nine 14 (Dec) Hourly 14 (Dec) (2300hrs)
समाचार प्रभात 14 (Dec) दोपहर समाचार 14 (Dec) समाचार संध्या 14 (Dec) प्रति घंटा समाचार 14 (Dec) (2305hrs)
Khabarnama (Mor) 14 (Dec) Khabrein(Day) 14 (Dec) Khabrein(Eve) 14 (Dec)
Aaj Savere 14 (Dec) Parikrama 14 (Dec) Lok Ruchi Samachar 9 (Dec)

Listen Programs

Market Mantra 14 (Dec) Samayki 14 (Dec) Sports Scan 14 (Dec) Spotlight/News Analysis 14 (Dec)
    Public Speak Country wide 13 (Dec) Surkhiyon Mein 13 (Dec) Charcha Ka Vishai Ha 12 (Dec) Vaad-Samvaad 4 (Dec) Money Talk 4 (Dec) Current Affairs 14 (Dec)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""