RBI Keeps Repo Rate unchanged, forecasts 2020-21 GDP growth at 6%

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Mumbai: In a significant development, the Reserve Bank of India (RBI) on Thursday kept the key repo rate unchanged at 5.15 % in its first monetary policy Review after Budget 2020-21.

The Monetary Policy Committee (MPC) maintained an accommodative stance in the sixth bi-monthly policy meet in 2019-20. It also estimated a 6 per cent GDP growth rate for 2020-21.

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