Downside risks to growth and upside risks to inflation prompted India’s central bank to keep the policy repo rate on hold at 5.25 per cent.
With this, the bank has been on hold in three consecutive meetings this year.
It revised FY27 real GDP projection downward to 6.6 per cent from 6.9 per cent earlier and raised retail inflation projection for the fiscal to 5.1 per cent from 4.6 per cent earlier.
With this, the bank has been on hold in three consecutive meetings this year.
It revised FY27 real GDP projection downward to 6.6 per cent from 6.9 per cent earlier and raised retail inflation projection for the fiscal to 5.1 per cent from 4.6 per cent earlier.
