RBI holds repo rate, sees GDP growth slowing to 6.9% in FY27
Indian Express·1h ago·Neutral
What Happened
India's Reserve Bank kept the repo rate unchanged at 5.25% Wednesday, citing West Asia conflict uncertainties. The RBI projected GDP growth slowing to 6.9% in FY27 from 7.6% in FY26. Crude oil prices surged due to infrastructure damage and Strait of Hormuz disruptions. The central bank raised its crude oil price assumption to $85 per barrel. Headline inflation expected to average 4.6%. Rupee assumed at 94-per-dollar for current fiscal.
Key Entities
Reserve Bank of India (RBI)Monetary Policy Committee (MPC)Sanjay Malhotrarepo rateGDP growthWest Asia conflictStrait of Hormuzcrude oil pricesrupeeinflation