RBI keeps Repo rate unchanged at 6.25%

In the Monetary Policy review meet, Reserve Bank of India (RBI) Governor Urjit Patel on Thursday announced that the repo rate will stay unchanged at 6.25% and the inflation rate is projected at 4.5% for the first half of 2017-18. Patel also informed that the Gross Value Added (GVA) growth could strengthen to 7.4% in the current fiscal year.