RBI keeps repo rate steady, projects 6.9% GDP growth
pre-market1 source ↓written by the desknot a recommendation
- inflation projected
- 4.6%
The Reserve Bank of India has maintained the repo rate at 5.25% in its latest monetary policy meeting. RBI Governor Sanjay Malhotra indicated a GDP growth forecast of 6.9% for the current fiscal year, with CPI inflation projected at 4.6%. Elevated energy prices and potential El Niño conditions are noted as inflation risks.
This decision reflects a cautious approach amid global uncertainties, impacting market sentiment and investor strategies.
Not investment advice. For informational purposes only.