Gross Domestic Product Lowered To 6.9%  

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    EconomyAug 7, 2019, 5:20 PM IST

    Reserve Bank of India lowers GDP projection for 2019-20 from 7% to 6.9%

    The Gross Domestic Product (GDP) has been lowered marginally from 7% to 6.9% for the year 2019-20. The Reserve Bank of India has cut the repo rate by an unusual 0.35 percentage points to 5.40% in its third monetary policy review for the current financial year. Repo rate is the rate at which the RBI lends to banks.