RBI bi-monthly monetary policy review: No change in repo rate, loan EMI will not increase

No change in repo rate, reverse repo rate

RBI targets 9.5 per cent GDP

The Reserve Bank of India has not made any change in the repo rate during its bi-monthly monetary policy review. While the repo rate is fixed at 4 per cent, the reverse repo rate remains at 3.35 per cent.

RBI says that the economy will improve due to vaccination and policy support, improvement in exports. But the RBI has expressed concern on the inflation front. Along with this, the RBI said about the growth estimate of GDP that it will remain at 9.5 percent.

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