RBI keeps benchmark lending rate unchanged at 4%

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The Reserve Bank of India kept the benchmark lending rate unchanged for the ninth time in a row at 4 per cent.

RBI will continue with the accommodative stance to revive and sustain growth on a durable basis, Governor Shaktikanta Das said on Wednesday (December 8). 

The Indian economy hauled itself out of its deepest contraction. We are better prepared to deal with COVID-19, the RBI Governor said.