Repo rate unchanged at 4%; GDP to contract by 9.5% in current FY: RBI governor

The Reserve Bank of India (RBI) on Thursday decided to keep key lending rate unchanged in its October policy review meeting. The six-member monetary policy committee (MPC), headed by RBI governor Shaktikanta Das, kept repo rate untouched at 4 per cent; and reverse repo rate at 3.35 per cent while maintaining accommodative stance.