India’s central bank maintains its benchmark rate unchanged to support economic growth amid inflation concerns.
The Reserve Bank of India’s Monetary Policy Committee left the repo rate at 5.25% following its August review, aligning with market expectations. The decision reflects a balancing act between managing inflation and fostering economic recovery.
The repo rate has remained at 5.25% since February, following a series of cuts in 2023. Analysts had widely anticipated the hold, citing stable inflation prints and resilient GDP growth in recent quarters.
No immediate market reaction was reported, as the outcome matched consensus forecasts.