RBI keeps repo rate unchanged at 6.25%
The RBI kept the repo rate unchanged at 6.25% in its first bi-monthly monetary policy of this fiscal on Thursday. This is the third time in a row that the repo rate has been kept unchanged. The reverse repo rate however, has been raised from 5.75% to 6%. Further, RBI said GVA growth is projected to be 7.4% in 2017-18.