Economy
RBI holds repo rate, sees GDP growth slowing to 6.9% in FY27
What's happening now
The Reserve Bank of India through its Monetary Policy Committee decided to retain the benchmark repo rate at 5.25%, citing heightened inflation and growth uncertainties. Geopolitical tensions in West Asia and a depreciating rupee have prompted the central bank to project a slower GDP growth of 6.9% for FY27 while monitoring severe upside risks to inflation.
Source: Indian ExpressRead the full story →