The Monetary Policy Committee of the Reserve Bank of India (RBI) on Wednesday decided to keep the repo rate unchanged at 5.25 percent amid the renewed West Asia crisis and rising inflation pressure.
The MPC also maintained a ‘neutral’ stance.
The Standing Deposit Facility (SDF) rate stays at 5 percent, while the Marginal Standing Facility (MSF) and Bank Rate remain at 5.50 percent.
The RBI also raised the FY27 GDP forecast by 10 basis points to 6.7%.
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