Real GDP growth for FY21 projected at -7.5% by RBI

On Friday, the Reserve Bank of India revised the real GDP growth projection for 2020-21 to -7.5%, after initially predicting that it would be -9.5%. At a press meet, Governor Shaktikanta Das said the country's economy was recovering faster, and more and more sectors were contributing toward the revival. RBI also decided to keep the repo rate unchanged, for a third consecutive time, at 4%.

source https://www.newsbytesapp.com/news/business/rbi-keeps-repo-rate-unchanged-at-4/story