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However, RBI revised the GDP growth projection for the current fiscal sharply downward to 6.6% from the earlier estimate of 7.2%.
Will keep a tight vigil on infaltion, RBI governor Das said.
Indian economy, financial sector stood strong, resilient amidst unprecedented global headwinds, Reserve Bank of India governor Shaktikanta Das says
Central bank's annual report says new stress events in global financial system could pose downside risks to growth
Repo rate is the rate at which the RBI lends money to commercial banks. It is used by monetary authorities to control inflation.
Reserve Bank of India Governor Shaktikanta Das also announced the bi-monthly monetary policy on Wednesday.
The Reserve Bank of India (RBI) will come out with its next bi-monthly policy review on December 7 at the end of the three-day meeting of the Monetary Policy Committee (MPC) beginning Monday.
RBI will discuss its first ever inflation target miss, which will require it to write a letter to the government.
Indian economy continues to be resilient in midst of global turmoil, said RBI Governor Shaktikanta Das.
RBI's six-member Monetary Policy Committee voted to hold the benchmark repurchase or the repo rate at 4 per cent, Governor Shaktikanta Das said.
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