News > RBI projects GDP growth at 7.8% for 2022-’23, retains repo rate at 4%
RBI projects GDP growth at 7.8% for 2022-’23, retains repo rate at 4%
Scroll | 10/02/2022 01:18 PM | Click to read full article
The Reserve Bank of India on Thursday projected the Gross Domestic Product growth at 7.8% for the financial year 2022-'23, reported PTI.
The repo rate is the rate at which the central bank lends to its clients generally against government securities. The reverse repo rate allows banks to deposit funds with the central bank and earn interest on it.