RBI keeps repo rate steady, projects 6.9% GDP growth
after close1 source ↓written by the desknot a recommendation
- fiscal year
- 6.9%
- inflation expected
- 4.6%
The Reserve Bank of India has maintained the repo rate 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 neutral stance, aiming to balance growth and inflation concerns, which may influence market sentiment in the near term.
Not investment advice. For informational purposes only.