RBI keeps rates on hold, cuts inflation estimate for FY26

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The Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5%, maintaining a neutral stance. While retaining the FY26 growth forecast at 6.5%, the MPC lowered the inflation projection to 3.1%. This decision considers macroeconomic conditions, the need for further transmission of rate cuts, and favorable monsoon conditions, despite lingering global trade challenges and geopolitical uncertainties.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZbFnj3H

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