RBI Monetary Policy was announced on Wednesday, October 1. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Reserve Bank of India's Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, retained the benchmark repo rate at 5.5%, after front-loading the three rate cuts in February, April and June this year. However, the RBI revised the CPI inflation forecast downward while revising the GDP growth forecast upward.

Space for monetary action has opened up, Malhotra said, adding that the MPC considers it prudent to wait before beginning to cut rates further.

Amidst benign inflation, prevailing global uncertainties and tariff-related developments are likely to decelerate growth in H2:2025-26 and beyond, stated the resolution of the MPC. "The cu

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