The RBI’s Monetary Policy Committee on Wednesday kept the repo rate unchanged at 5.5% and retained a neutral stance. The committee also raised the FY26 growth forecast to 6.8%.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on August 8 decided to keep the repo rate unchanged at 6.5% for the ninth consecutive policy review, with a majority vote of 4-2.
RBI's Monetary Policy Committee held the key repo rate unchanged at 6.5 per cent for a seventh straight policy meeting today with economic growth also remaining strong.
The RBI will constitute an Expert Committee which shall make recommendations on the required financial parameters, along with the sector specific benchmark, to be factored into debt resolution plans
The Monetary Policy Committee (MPC), headed by the RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6
Demand impact will continue to weigh heavily on economic activity for some time, says Shaktikanta Das, but is optimistic about rural economy due to good farm harvest
In India, growth outlook over the next couple of quarters has become more uncertain on the prospects of a global recession and severe investor risk aversion.