Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced a status quo on the interest rate, forecast a lower GDP (gross domestic product) contraction for the second half and sharply raised inflation projections. The policy is expected to push growth as it sends a signal that rates have bottomed but funds would be available at current rates for next few quarters.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2L8huLV
