NEW DELHI: While maintaining the status quo in its bi-monthly monetary policy review, the Reserve Bank of India on Thursday revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.The central bank, however, kept the policy rates unchanged at 5.15 per cent and decided to main accommodative stance to support the economy.“Various high-frequency indicators suggest that domestic and external demand conditions have remained weak. Based on the early results, the business expectations index of the Reserve Bank’s industrial outlook survey indicates a marginal pickup in business sentiments in Q4,” RBI said in a release.The six-member panel decided to continue with the accommodative stance as long as it is necessary to revive growth. All the members of the MPC voted in favour of a rate pause this time.Between February and October 2019, RBI had slashed repo rate by 135 basis points.The CPI inflation projection has also been revised upwards to 5.1-4.7 per cent for the second half of FY20 and 4-3.8 per cent for the first half of FY21.“The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the RBI said in its fifth bi-monthly monetary policy.