RBI Signals Prolonged Low Interest Rates Amid Strong Economic Outlook
The Forecast 1 week ago National News
The Reserve Bank of India Governor Sanjay Malhotra stated that interest rates may remain low over the medium to long term, supported by stable inflation and strong economic fundamentals. India’s economy continues to be resilient, with GDP growth projected at 6.9 percent. Inflation is estimated at 4.6 percent, staying within the RBI’s target range. The Monetary Policy Committee kept the repo rate unchanged at 5.25 percent, adopting a neutral stance. The decision reflects caution amid global uncertainties, including West Asia tensions affecting oil prices and currency stability. The Governor emphasised that India’s macroeconomic strength will sustain growth while managing inflation effectively in the coming years.
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