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Search Economic recovery uncertain due to recent surge in Covid cases, says RBI governor Central bank keeps repo rate unchanged at 4 per cent Concerned over fresh Covid-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cut in the future if the need arises to support the economy. The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said said while announcing the decisions taken by the central bank s Monetary Policy Committee (MPC). The RBI Governor further said that the recent surge in Covid-19 infections has created uncertainty over economic growth recovery, adding that the focus must be on containing spread of virus and economic recovery.

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