RBI maintains repo rate at 5.25%, projects 6.9% GDP growth
pre-market1 source ↓written by the desknot a recommendation
- inflation projected
- 4.6%
The Reserve Bank of India has kept the repo rate unchanged at 5.25%. The Monetary Policy Committee forecasts India’s GDP growth at 6.9% for the current fiscal year, with CPI inflation projected at 4.6%. Elevated energy prices and potential El Niño conditions present upside risks to inflation, according to RBI Governor Sanjay Malhotra.
Not investment advice. For informational purposes only.