RBI keeps repo rate unchanged at 6.25%, lowers GDP growth estimate to 7.1% in latest Monetary policy

Updated On : 07 Dec,2016 | 18:11 PM
India's central bank, Reserve Bank of India kept the repo rate unchanged at 6.25 percent in its latest monetary policy review meeting on Wednesday, despite growing calls for easing the monetary policy following the cash crunch in the economy post the government's demonetisation move.
The Reserve Bank of India's monetary policy committee voted 6-0 to leave the repo rate unchanged, after cutting it by 25 basis points (bps) at its last review in October. For more info log on to www.newsnation.in

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