RBI maintains repo rate; GDP growth projected at 6.9%
pre-market1 source ↓written by the desknot a recommendation
- last year
- 7.6%
- amid risks
- 4.6%
The Reserve Bank of India has kept the repo rate unchanged at 5.25%. The Monetary Policy Committee also projected India’s GDP growth at 6.9% for the current fiscal year, down from 7.6% last year. CPI inflation is expected to be 4.6% amid risks from elevated energy prices and potential El Niño conditions. 📈
This decision reflects a cautious approach amid ongoing global uncertainties, impacting market sentiment and borrowing costs.
Not investment advice. For informational purposes only.