New Delhi, June 5 -- The Indian stock market ended Friday's volatile trading session marginally in the red as investors weighed the central bank's latest inflation and growth projections against the measures announced to spur foreign capital flows and support the Indian rupee.

The Reserve Bank of India (RBI), along expected lines, kept its key repo rate unchanged at 5.25% but flagged risks to growth and inflation from the prolonged West Asia conflict, elevated energy prices and global supply-chain disruptions, raising fears of stagflation. The RBI slashed its growth projections for FY27 to 6.6% from 6.9% projected in the April monetary policy. It also raised the inflation outlook to 5.1% from 4.6%.

Governor Sanjay Malhotra said in his s...