Repo rate, reverse repo rate to remain unchanged: RBI governor

The Reserve Bank of India has kept the repo rate and reverse repo rate unchanged. “The deep contraction of quarter one is behind us, the silver lining is visible,” governor Shaktikanta Das said while announcing the policy decisions. The repo rate remains unchanged at 4 percent and the reverse repo rate remains unchanged at 3.3 percent. The Monetary Policy Committee said the economy was going through unprecedented stress.