RBI maintains repo rate; GDP growth forecast at 6.9%
after close1 source ↓written by the desknot a recommendation
- during its latest
- 5.25%
- fiscal year
- 6.9%
- inflation expected
- 4.6%
The Reserve Bank of India has kept the repo rate unchanged at 5.25% during its latest monetary policy meeting. The RBI projects India's real GDP growth for the current fiscal year at 6.9%, with CPI inflation expected at 4.6%. Elevated energy prices and potential El Niño conditions pose risks to inflation.
This decision reflects a cautious approach amid ongoing economic uncertainties, impacting market sentiment and interest-sensitive sectors.
Not investment advice. For informational purposes only.