Central Bank of India keeps repo rate unchanged

Bombay, August 6, the Central Bank of India announced after the end of the regular monetary policy meeting that the repurchase rate of 4% would remain unchanged, while maintaining a loose monetary policy. < p > < p > the Central Bank of India said that despite the need to restore the economy, India is under pressure to further increase the inflation rate. India’s inflation rate reached 6.09% in June, exceeding the inflation target ceiling set by the central bank. At the same time, the Central Bank of India also said that although economic activity has recovered, it is difficult for the economy to recover steadily due to repeated outbreaks. The Central Bank of India maintained its expectation of negative economic growth in the current fiscal year.