RBI holds repo rate steady, projects 6.9% GDP growth
pre-market1 source ↓written by the desknot a recommendation
- is set
- 6.9%
- inflation expected
- 4.6%
The Reserve Bank of India has maintained the repo rate at 5.25% in its first bi-monthly monetary policy meeting. The GDP growth projection for the current fiscal year is set at 6.9%, with CPI inflation expected at 4.6%. Elevated energy prices and potential El Niño conditions present upside risks to inflation.
This decision reflects the RBI's neutral stance amid global economic uncertainties, impacting market sentiment and borrowing costs.
Not investment advice. For informational purposes only.