Friday, October 09
The Reserve Bank of India’s rate-setting Monetary Policy Committee on Friday retained India’s GDP forecast for FY2025-26 at 6.5% amid economic uncertainty, triggered by shifting trade dynamics around US President Donald Trump’s sweeping tariffs.The RBI also retained its quarterly GDP growth projections for FY2025-26 at 6.5% for Q1, 6.7% for Q2, 6.6% for Q3, and 6.3% for Q4 — unchanged from its previous estimates.The uncertainty around the global economic outlook has ebbed somewhat since the MPC met in April in the wake of temporary tariff reprieve and optimism around trade negotiations, said RBI governor Sanjay Malhotra while announcing the MPC's decisions. However, "it continues to remain elevated to weaken sentiments and lower global growth prospects."Trade policy uncertainty con
The Reserve Bank of India’s rate-setting Monetary Policy Committee goes for a third policy rate cut by 50 basis points, as inflation continues to remain below the median target of 4 per cent, to push growth amid continued global uncertainty triggered by the US tariff moves. The new policy repo rate is 5.50%.The MPC started deliberations on the next bi-monthly monetary policy on June 4 and announced the decision on June 6 (Friday).RBI Governor Sanjay Malhotra said, "Global growth as well as tade projections have been revised downwards."India's central bank reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6 per cent. The six-member MPC headed by RBI Governor Sanjay Malhotra also decided to change the stance from accomodative to neutral policy.The RB
