In a first status quo for Governor Sanjay Malhotra, the Reserve Bank of India’s Monetary Policy Committee today maintained its repo rate at 5.50% and stance as neutral. Although this decision was broadly expected, the RBI's latest inflation projections hinted that the policy has extremely high bar for more rate cuts.The central bank projected inflation at 4.9% for April-June 2026, marking the highest forecast in six quarters, mainly attributed to adverse base effects and the cumulative demand impact of earlier policy easing measures.
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