An important update on the Reserve Bank of India's monetary policy.
According to reports, the RBI held the repo rate at 5.25% and kept a neutral stance.Key pointsNo change in the repo rate — steady at 5.25%FY27 GDP growth forecast cut to 6.6% from 6.9%CPI inflation projection raised to 5.1% from 4.6%Impact on youWith the repo rate steady, no immediate big change is likely in home-loan and other EMIs.
However, inflation and global uncertainty may keep markets volatile.