• Download mobile app
19 Jan 2020, Edition - 1650, Sunday

Trending Now

  • Chidambaram’s intellect is at par with that of Rahul Gandhi, says BJP leader
  • Nationwide NRC needless, has no justification: Nitish Kumar
  • AirIndiain suspends the pilot accused of sexual harassment.

Whats Hot

RBI keeps repo rate unchanged, sharply lowers 2019-20 GDP growth forecast to 5%


The Reserve Bank of India (RBI) on Thursday went against majority expectations and kept repo rate unchanged at 5 per cent.

A large number of economists exuded confidence that RBI’s six-member Monetary Policy Committee (MPC) would lower the key interest rate once again as growth in the second quarter reached a six-year low of 4.5 per cent.

The central bank has also lowered its GDP growth forecast for the entire year to 5 per cent from 6.1 per cent.

It has also sharply increased its inflation projection from 4 per cent to 4.7-5.1 per cent after retail inflation jumped to a 16-month high of 4.62 per cent in October.

Subscribe To Our Newsletter