RBI keeps interest rates unchanged, says upside risks to inflation have increased
Indian Express·2h ago·Neutral
What Happened
The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged at 5.25%. The RBI lowered its FY2027 growth forecast to 6.9% from 7.6% and projected inflation at 4.6%. Rising crude oil prices and West Asia conflict pressures drove the cautious decision. RBI Governor Sanjay Malhotra cited increased upside risks to inflation. Borrowers will see stable loan rates and EMIs.
Key Entities
Reserve Bank of IndiaMonetary Policy CommitteeSanjay MalhotraRepo RateFY2027West Asia conflictcrude oil prices