Mumbai, Oct 1: The Reserve Bank of India (RBI) on Wednesday kept the key policy interest rate unchanged at 5.5 per cent for the second consecutive review, with Governor Sanjay Malhotra cautioning that tariff-related uncertainties could dampen India’s economic momentum in the months ahead.

Announcing the fourth bi-monthly monetary policy for the current financial year, Malhotra said the Monetary Policy Committee (MPC) unanimously decided to maintain the repo rate with a neutral stance. He explained that while Goods and Services Tax (GST) rate rationalisation is expected to have a moderating impact on household consumption and overall growth, tariff developments at the global and domestic levels pose a risk to economic expansion in the second half of FY26.

The RBI has cumulatively cut the

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