Sunday, September 23 2018

February 10, 2018

Reserve Bank of India status quo on key rate indicates growth will pick up

New Delhi-RBI decision to maintain status quo on policy interest rate is a welcome move and indicates that the growth will pick up from here onwards said SC Garg Secretary to Department of Economic Affairs.He said, MPC expects growth to accelerate in 2018-19 and inflation to converge back towards its target level in the second half of next fiscal, starting 1st April.He said that RBI’s rate-setting monetary policy committee had decided to keep the policy repo rate unchanged at 6 percent.