RBI Monetary Policy Committee of the Reserve Bank of India on Thursday

For the Ninth consecutive time, the Monetary Policy Committee of the Reserve Bank of India on Thursday, August 8, maintained a status quo on policy rates, keeping the benchmark repo rate unchanged at 6.5 per cent by a majority of 4:2.

The MPC also maintained the policy stance of ‘withdrawal of accommodation’ even as it highlighted solid economic growth and signs of easing inflation.

RBI retained its real GDP growth forecast for FY25 to 7.2 per cent, with Q1 at 7.1 from, slightly down from the earlier projection of 7.3 per cent.

The MPC maintained its inflation projection for FY25 at 4.5 per cent, with Q2 projection at 4.4 per cent, Q3 at 4.7 per cent, Q4 at 4.3 per cent, and Q1FY26 at 4.4 per cent.