Repo rate to be 4%, GDP expected to grow at 9.5 percent in 2022- RBI

The results of the monetary policy review meeting of the Reserve Bank of India (RBI) have been announced. Reserve Bank of India Governor Shaktikanta Das said that there is no change in the repo rate. Repo rate will be kept at 4% with no change. Also, the reverse repo rate will also remain 3.35% without any change.

The GDP growth forecast has been retained at 9.5% in 2021-22, which includes 6.6% in the third quarter (Q3) and 6% in the fourth quarter (Q4).

The GDP growth forecast has been retained at 9.5% in 2021-22, which includes 6.6% in the third quarter (Q3) and 6% in the fourth quarter (Q4).The GDP growth is estimated at 17.2% for the first quarter of 2022-23 and 7.8% for the second quarter of 2022-23.