RBI Keeps Repo Rate Unchanged, Maintains Accommodative Stance: Key Highlights

The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 4 per cent and maintained its accommodative stance for as long as possible to revive growth, RBI governor Shaktikanta Das said. Governor Das said that the 6-member (MPC) unanimously voted to keep the rates unchanged at record low and voted in ratio of 5:1 to maintain its accommodative stance. The RBI has projected real GDP growth of 7.8 per cent for financial 2022-23.