RBI's Bi-monthly Monetary Policy Review: RBI cuts FY22 GDP forecast to 9.5 percent, repo rate unchanged at 4 percent

RBI Governor Shaktikanta Das noted that the economy is likely to grow at the rate of 18.5 percent in the first quarter, 7.9 percent in the second quarter, 7.2 percent in the third quarter and 6.6 percent in the fourth quarter.

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