RBI MPC Holds Repo Rate, Lowers GDP Growth Projections Amid West Asia War, Supply Chain Pressure

Key points· Video

• The Reserve Bank of India's Monetary Policy Committee on Friday kept the repo rate unchanged at 5.25%, while cutting growth projection as Governor Sanjay Malhotra's si member panel flagged supply-chain disruption and elevated energy prices feeding into lower growth and higher inflation.
• The MPC lowered its FY27 real GDP projection to 6.6%, from 6.9% set in April.
• The central bank cut its quarterly path across the board, projecting Q1 growth at 6.6% (from 6.8%), Q2 at 6.3% (from 6.7%) and Q3 at 6.5% (from 7%), while pegging Q4 at 6.8%.
• Its FY26 growth estimate was retained at 7.6%.
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