RBI keeps repo rate unchanged at 6.25%

April 06, 2017 14:50

Just in: RBI keeps Repo Rate unchanged at 6.25 %, increases Reverse Repo Rate to 6%.

Announcing its first bi-monthly monetary policy statement for 2017-18 today, the RBI kept GVA (Gross Value Added) (projected) growth at 7.4% in 2017-18 as compared to 6.7% in 2016-17. MSF (Marginal Standing Facility) and the bank rate is 6.50, says RBI.

RBI chief Urjit Patel, reading out from a statement, says after demonetisation large liquidity surplus has impacted the banking system.

« Back to LIVE

TOP STORIES

'He's repaying Rajasthan Royals for their belief in him'

Impressed with the maturity shown by Yashasvi Jaiswal, West Indies cricket legend Brian Lara said the youngster's knock against Mumbai Indians was well put together.

Why RCB failed to retain Yuzi Chahal

Hesson said Chahal's name came pretty late in the auction and by that time, the franchise had already bought ace Sri Lankan spinner Wanindu Hasaranga.

Sensex pares early gains, ends up 90 points

From the Sensex basket, Bharti Airtel, Nestle, Maruti, Tata Motors, HCL Technologies, NTPC, Asian Paints and State Bank of India were the major gainers. Sun Pharma, Reliance Industries, Mahindra & Mahindra, JSW Steel, Tech Mahindra and...

Israel outweighs Iran in trade with India since 2019, shows data

Trade links with Israel have strengthened in the past few years, even as the value of goods exchanged with Iran has diminished. Iran accounted for $3.9 billion worth of India's exports in the four quarters ending December 2019, compared...

'Very sorry, will be on your side': Siddaramaiah to Neha's father

Karnataka Chief Minister Siddaramaiah on Tuesday spoke to father of slain student Neha Hiremath over phone and said 'sorry' over his daughter's killing, and assured that 'we will be on your side'.