RBI keeps repo rate steady, GDP growth forecast at 6.9%
pre-market1 source ↓written by the desknot a recommendation
- last year
- 7.6%
- is expected
- 4.6%
The Reserve Bank of India has maintained the repo rate at 5.25%, with a neutral stance. The Monetary Policy Committee projects India’s GDP growth at 6.9% for the current fiscal year, down from 7.6% last year. CPI inflation is expected at 4.6%, influenced by rising energy prices and geopolitical tensions.
This decision reflects the RBI's cautious approach amid ongoing inflationary pressures, which may impact market sentiment and investment strategies.
Not investment advice. For informational purposes only.