RBI Monetary Policy: Repo rate unchanged at 5.15%, GDP growth revised from 6.1% to 5%

The Reserve Bank of India (RBI) released its fifth bi-monthly monetary policy statement for 2019-20. The Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, has decided to keep the policy repo rate unchanged at 5.15%. The RBI has already cut the repo rate 5-times. The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth while keeping the inflation within target.