Repo and reverse Repo rate remain unchanged by RBI

03:00:00 PM, Wednesday 7th of February 2018 | in business

Reserve Bank of India has announced that they are keeping both repo and reverse repo rates at 6% and 5.75%. In a survey that was conducted earlier by the experts, have predicted that RBI will keep these rates unchanged and bond yields are rising globally and crude oil prices have also increased and reached $70 per barrel. RBI has estimated 7.2% economic growth in next fiscal.