RBI keeps repo rate unchanged at 5.25 pc, lowers FY27 inflation forecast to 5 pc; flags monsoon, geopolitical risks
New Delhi, Aug. 5 -- The Reserve Bank of India's Monetary Policy Committee (MPC) on Wednesday decided to keep the benchmark repo rate unchanged at 5.25 per cent while retaining its 'neutral' policy stance, citing the need for greater clarity on the inflation trajectory amid uncertainties surrounding the southwest monsoon, El Nino, geopolitics and global trade policy.
According to the Monetary Policy Statement by RBI Governor Sanjay Malhotra, the central bank also retained the Standing Deposit Facility (SDF) rate at 5.0 per cent, while keeping the Marginal Standing Facility (MSF) rate and the bank rate unchanged at 5.5 per cent following the conclusion of its three-day meeting.
Malhotra said headline inflation is projected to increase, p...
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