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Loans will not be cheaper, RBI estimates 10.5% GDP growth for 21-22

Loans will not be cheaper, RBI estimates 10.5% GDP growth for 21-22 The Reserve Bank of India (RBI) kept it at 4 per cent, not changing the repo rate. At the same time, the reverse repo rate has been kept at 3.35 percent. RBI Governor Shaktikanta Das has said, "Real GDP growth forecast for 2021-22 remains at 10.5 per cent". Das said that the recent spurt in COVID-19 cases has created uncertainty about the domestic growth outlook amid tightening restrictions by state governments.

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The Reserve Bank of India (RBI) kept it at 4 percent, not changing the repo rate. At the same time, the reverse repo rate has been kept at 3.35 percent.

RBI Governor Shaktikanta Das has said, “Real GDP growth forecast for 2021-22 remains at 10.5 per cent”.

Das said that the recent spurt in COVID-19 cases has created uncertainty about the domestic growth outlook amid tightening restrictions by state governments.

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