RBI Monetary Policy: Repo Rate Kept Steady at 6.5%; GDP Projection Raised to 7.3%

The Reserve Bank of India Monetary Policy Committee voted unanimously to maintain the benchmark repo rate at 6.50% while upgrading the country's full-year GDP growth forecast to 7.3%.

Governor highlighted resilient macroeconomic fundamentals, steady manufacturing growth, and easing food inflation indices as stabilizing pillars for monetary policy.

The central bank affirmed its commitment to align retail inflation with the 4% target on a durable basis while ensuring sustained support for industrial and services credit growth.