RBI Maintains Status Quo | Experts Weigh In

The Reserve Bank of India (RBI) on Friday kept the key policy rates unchanged while maintaining the accommodative policy stance. In its first bi-monthly monetary policy of financial year 2022-2023, RBI’s Monetary Policy Committee (MPC) unanimously voted to keep the policy rates unchanged. The repo rate and reverse repo rate remain unchanged at 4% and 3,35%. Governor Shaktikanta Das said that the RBI cut FY2022-23 real GDP growth projection to 7.2% from 7.8% earlier, with Q1FY22 growth estimated at 16.2%; Q2 at 6.2%; Q3 at 4.1 and Q4 at 4%, assuming crude oil prices at $100/bbl. RBI revised higher FY23 CPI projections to 5.7% from 4.5% earlier. Watch Mythili Bhusnurmath, Consulting Editor, ET NOW, Nilesh Shah, MD, Kotak AMC, Abheek Barua, Chief Economist, HDFC Bank and Ashwini Kumar Tewari, MD (Intl. Bkg., Tech. & Subsidiaries), SBI share their views on the RBI policy. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com