RBI monetary policy: Repo rate and reverse repo rate unchanged
New Delhi: The Reserve Bank of India (RBI) kept the Repo rate unchanged at 6.5%, Reverse repo rate unchanged at 6.25%, Bank rate at 6.75%.
Gross Domestic Production projection for 2019-20 is at 7.4% while Inflation projection of second half of 2018-19 is 2.7-3.2%.
In view of the surge in digital transactions RBI Monetary Policy Committee has decided on the implementation of an ombudsman for digital transactions, this will be notified by the end of January 2019.
Earlier in the month of October, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent.
After hiking the repo rate twice in a row, the Reserve Bank of India (RBI) has kept the key policy rates unchanged in its bi-monthly monetary policy held on October 5.