New Delhi, April 7
As a consequence, the RBI’s key lending rate (repo rate) stays at 4 per cent and borrowing rate (reverse repo) at 3.35 per cent. RBI Governor Shaktikanta Das mentioned the coverage panel determined to proceed with low curiosity rate regime to maintain sturdy growth and mitigate the pandemic’s impression on the financial system.
The RBI retained its GDP growth outlook for the present fiscal at 10.5 per cent after a 7.5 per cent contraction in final fiscal. The central financial institution dedicated to purchase Rs 1 lakh crore of presidency bonds within the first quarter. — TNS
Sensex rallies 460 factors
- The 30-share BSE Sensex jumped 460.37 factors or 0.94 per cent to complete at 49,661.76.
- The broader NSE Nifty superior 135.55 factors or .92 % to 14,819.05.