In its sixth bi-monthly policy review of the financial year, the six-member Monetary Policy Committee (MPC) decided to keep its short-term lending rate ie. the repo rate, unchanged at 5.15 per cent while maintaining its accommodative stance to support growth and making it clear that there is policy space available for future actions. The central bank focused on growth and showed a willingness to resort to unconventional steps to cap any up move in yields. GDP is estimated to grow at a rate of 6 per cent for 2020-21 while growth for Q3 December 2020 is projected at 6.2 per cent. However, concerns over concerns over rising inflation loom large. The RBI has revised the CPI inflation projection for Q4 March 2020 to 6.5 per cent, to 5.4-5 per cent in the first six months of 2020-21 and 3.2 per cent in the third quarter of 2020-21.