RBI MPC August 2026 minutes reveal repo rate held at 5.25% as Governor Sanjay Malhotra flags supply-driven inflation risks; growth outlook lifted to 6.7% with inflation seen at 5% for FY27.
The Reserve Bank of India retained the repo rate at 5.25% with a neutral stance in June 2026, while cutting FY27 GDP growth forecast to 6.6% from 6.9% due to geopolitical tensions, elevated energy prices, and weather risks.
The Reserve Bank of India (RBI) keeps repo rate unchanged at 5.25%, projecting India’s GDP growth to slow to 6.9% in FY27 amid rising oil prices, rupee volatility, and global uncertainty caused by the West Asia conflict.