RBI Keeps Repo Rate Unchanged at 5.25%
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25%. This decision was made by the Monetary Policy Committee (MPC) headed by Governor Sanjay Malhotra. The RBI has also projected 6.9% GDP growth and warned of potential impacts from the US-Iran war. The inflation projection for FY27 is pegged at 4.6%.
Key Facts & Details
3 points- 1Repo rate remains at 5.25%
- 2GDP growth projected at 6.9%
- 3Inflation projection for FY27 at 4.6%
Exam Relevance & Angle
Directly relevant for Banking Awareness section: Monetary Policy & RBI Functions
Target Exams
Background & Context
The Reserve Bank of India (RBI) is India's central bank and monetary authority. The Monetary Policy Committee (MPC) meets every two months to review the country's economic situation and make decisions on interest rates. The RBI's decisions on interest rates have a significant impact on the economy, including inflation, growth, and employment.
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