New Delhi, July 14 -- The Reserve Bank of India (RBI) is likely to keep policy interest rates unchanged until at least October 2026, while India's economy is expected to grow at a steady 6.6-6.8 percent in FY27 despite global uncertainties, according to Bank of Baroda's FY27 Economic Outlook.

RBI Expected To Hold Rates Till October

The bank said it does not expect any change in the policy rate before October 2026, although a rate hike later in the financial year cannot be ruled out depending on evolving economic conditions.

It projected retail inflation at 5.0-5.2 percent in FY27, up from 2.1 percent in FY26, but within the RBI Monetary Policy Committee's tolerance band. The repo rate is expected to remain in the 5.25-5.50 percent rang...