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RBI keeps repo rate steady, PM Modi on 100 years of RSS, Cabinet approves 3% DA hike & more

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Business Standard

RBI keeps repo rate steady, PM Modi on 100 years of RSS, Cabinet approves 3% DA hike & more

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% while lowering the inflation outlook to 2.6%. Indian equities snapped an eight-day losing streak, with the Sensex rising 716 points and the Nifty50 gaining 225 points, after the RBI MPC announcement, which was in line with the market expectation.

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