RBI keeps repo rate unchanged at 4%, pegs FY22 GDP growth at 9.5%

The Reserve Bank of India (RBI) on Friday decided to keep key lending rate or repo rate unchanged for the sixth consecutive time in its June policy review meeting. The central bank lowered its estimate for economic growth to 9.5 per cent for the current fiscal from earlier projection of 10.5 per cent due to the impact of the second Covid-19 wave.

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