Key Highlights: 

  • RBI and MPC maintains neutral stance
  • Revises GVA growth expectations to 6.7% from 7.3% earlier
  • Stresses on recapitalisation of public sector banks

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The Reserve Bank of India (RBI) has decided to keep key interest rates unchanged at 6% during its October bi-monthly monetary policy. 

RBI, in a statement said, "The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth."

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