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RBI Policy: RBI Maintains Key Lending Rate At 4%, Retains GDP Growth Target At 9.5%

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RBI Monetary Policy: The Reserve Bank kept the repo rate unchanged at 4 per cent and retained theGDP growth target at 9.5 per cent as the country was "in a much better position compared to June 2021".The RBI Governor Shaktikanta Dasmade the announcement at the end of the bi-monthly Monetary Policy Committee (MPC) review meeting. The central bank also decided to maintain an "accommodative" stanceas the economy is yet to recover from impact of second Covid wave.The reverse repo rate has been left untouched at 3.35 per cent.

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