Published On: Dec 04, 2020

The Reserve Bank of India on Friday left benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The central bank said retail inflation is likely to remain elevated and pegged it at 6.8% for the third quarter of the current fiscal, while revising real GDP growth projection for FY 20-21 to -7.5%. RBI Governor Shaktikanta Das briefed media on the Monetary Policy Committee's (MPC) decisions. Watch highlights. (Text: PTI)  

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