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HomeBusinessRBI governor said, economic development may suffer due to Russia-Ukraine war

RBI governor said, economic development may suffer due to Russia-Ukraine war

RBI Monetary Policy: RBI has decided not to make any changes in interest rates while announcing the first bi-monthly loan policy for the financial year 2022-23. The Monetary Policy Committee has decided not to make any change in the repo rate. The repo rate has been retained at 4 per cent. But RBI Governor Shaktikanta Das has expressed concern over the war between Russia and Ukraine, saying that this may derail the vehicle of economic development. RBI Governor has set a target of 7.2 per cent economic growth for 2022-23.

RBI Governor assures the market that providing cash will be the priority of RBI.

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