• SENSEX
    NIFTY 50
Economy

RBI cuts FY20 GDP growth forecast sharply to 5% from 6.1% projected earlier

Updated : December 05, 2019 03:06 PM IST

The Reserve Bank of India (RBI) in its fifth bi-monthly monetary policy lowered Gross Domestic Product (GDP) growth forecasts sharply for FY20 to 5 percent from 6.1 percent earlier while keeping the repo rate unchanged at 5.15 percent maintain its stance as 'accommodative'.
The RBI revised the CPI or the retail inflation forecast for H2FY20 to 5.1-4.7 percent from 3.5-3.7 percent earlier.
The six-member Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das also revised downwards its FY21 GDP growth forecast to 6.50-7 percent.
RBI cuts FY20 GDP growth forecast sharply to 5% from 6.1% projected earlier
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV