Mumbai, Aug. 5 -- The Reserve Bank of India (RBI) on Wednesday struck an optimistic note on the domestic economy, raising its growth projection for 2026-27 while lowering its inflation forecast, saying resilient domestic demand, robust exports, steady investment activity and easing supply-side disruptions have strengthened the macroeconomic outlook despite persistent global uncertainties.

Announcing the Monetary Policy Committee's decision to keep the policy repo rate unchanged at 5.25 per cent and retain a neutral stance, RBI Governor said the Indian economy has continued to display resilience even as the global environment remains volatile due to the West Asia conflict, trade tensions and fluctuating commodity prices.

The Governor sai...