India's central bank decided on Friday to keep its key interest rates unchanged and expanded the government bond purchase programme as policymakers downgraded the growth outlook with the second wave of the coronavirus pandemic taking its toll on economic activity.
At the end of three-day rate setting meeting, the Monetary Policy Committee of the Reserve Bank of India unanimously voted to hold the benchmark policy rate at 4.00 percent. The reverse repo rate was retained at 3.35 percent.
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