RBI keeps repo rate unchanged at 8pc in monetary policy review
The Reserve Bank of India (RBI) on Tuesday kept its key policy interest rate unchanged at eight percent.
Announcing the Annual Monetary Policy for 2014-15 here, Governor Raghuram Rajan said the growth rate for 2014-15 will be 5.5 per cent, while retail inflation is expected to be under 6 per cent during 2014.
Current account deficit is expected to come down to 2 per cent of GDP in 2013-14, he said.
(Posted on 01-04-2014)