New Delhi: The Reserve Bank of India (RBI) announced comprehensive reform-oriented decisions after its monetary policy committee (MPC) meeting, which began on September 29, concluded on Wednesday.
Here are the key takeaways from the RBI MPC.
⦁ Maintaining a balanced approach that supports economic momentum while ensuring financial stability, the RBI decided to keep the repo rate unchanged at 5.50 per cent.
⦁ Considering the momentum in domestic growth due to strong consumption, investments, and government spending, with supportive factors like a good monsoon, GST 2.0, better credit flow, the central bank revised India’s GDP growth forecast for FY 2025-26 upwards to 6.8 per cent from the earlier estimate of 6.5 per cent. India’s real GDP grew 7.8 per cent in Q1 FY 2025-26, up from 7.4 pe