RBI maintains repo rate at 5.25%, GDP growth projected at 6.9%
pre-market1 source ↓written by the desknot a recommendation
- inflation expected
- 4.6%
The Reserve Bank of India has kept the repo rate unchanged at 5.25% during its first bi-monthly monetary policy meeting. RBI Governor Sanjay Malhotra projected GDP growth at 6.9% for the current fiscal year, with CPI inflation expected at 4.6%. Elevated energy prices and potential El Niño conditions are noted as risks to inflation.
The decision to maintain rates reflects a neutral stance, impacting market sentiment and borrowing costs for businesses and consumers alike.
Not investment advice. For informational purposes only.