The Reserve Bank of India (RBI) has announced its decision to maintain the repo rate at 6.50% for the sixth consecutive time in its latest monetary policy review. This move reflects the central bank’s cautious approach in the face of persistent inflationary pressures and global economic uncertainty. RBI Governor Shaktikanta Das stated that while economic indicators show resilience, inflation remains a major concern that needs to be contained before easing rates.
The decision aligns with the central bank’s dual mandate of controlling inflation while supporting growth. Core inflation has remained elevated due to food and fuel prices, although there are signs of moderation. The RBI revised its GDP growth forecast for FY2025 to 7%, citing robust domestic demand, steady rural recovery, and a positive outlook on investment activity.
Financial experts believe that the RBI's steady stance signals a wait-and-watch approach as global central banks, including the U.S. Federal Reserve, assess the inflation trajectory. Market participants expect a rate cut only in the second half of 2025 if inflation moderates further. Meanwhile, borrowing costs for consumers and businesses are likely to remain unchanged in the near term.
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