Economy
RBI MPC holds Repo rate at 5.25%, lowers growth forecast to 6.6%, increases inflation projection by 50 bps to 5.1% for FY27
What's happening now
The Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously maintained the repo rate at 5.25% while continuing its 'neutral' stance. However, citing prolonged global supply chain disruptions, elevated energy prices, and geopolitical conflicts, the RBI revised its macroeconomic projections, lowering the FY27 GDP growth forecast to 6.6% (from 6.9%) and increasing the inflation projection by 50 basis points to 5.1%.
Source: The HinduRead the full story →