Since March 2020, the RBI has kept the repo rate at 4%, due to its focus on supporting the economy
Fitch ratings cut India's growth forecast to 10% for the current fiscal, from 12.8% estimated earlier.
Fitch Ratings has said the second wave of infections poses increased risks for India’s fragile economic recovery and its banks
Fitch expects a moderately worse environment for the Indian banking sector in 2021, but headwinds would intensify if rising infections further affect