RBI keeps repo rate unchanged at 6.25% for 2nd time in a row
The Reserve Bank of India kept the repo rate unchanged at 6.25% in its bi-monthly monetary policy review on Wednesday. This is the second time in a row that the repo rate has been kept unchanged. The reverse repo rate also remains unchanged at 5.75%. The RBI further said that the expected growth is 6.9% for the 2016-17 fiscal.