RBI keeps key interest rates unchanged
The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.75% in its bi-monthly monetary policy review meeting on Tuesday. The key interest rate has already been cut by 125 basis points in 2015. Further, RBI estimated India’s GDP growth rate to be 7.4% in the 2015-16 fiscal, and inflation to be around 5% by March 2017.