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RBI Governor: "India Poised To Become New Growth Engine Of The World"

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The Reserve Bank of India (RBI) will keep its key lending rate unchanged at 6.5% for the fourth consecutive time, Governor Shaktikanta Das announced today, adding that the decision was unanimously taken at the central bank's bi-monthly Monetary Policy Committee (MPC) meeting. This means the loan interest rates too are likely to remain unchanged.

The RBI Governor said inflation is likely to ease in September, but added that the overall outlook is clouded by uncertainties. The retail inflation is expected to be 5.4% for the current financial year and reduce to 5.2% in the next fiscal, Mr Das said.

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