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Stability in benchmark lending rates, combined with a supply-side push in the recent Union Budget, is expected to complement demand traction across sectors

Given external headwinds that could complicate the path forward, it is appropriate to maintain patience now

RBI pause reflects a wait-and-watch approach amid global uncertainties and the impact of the previous rate cuts

The Reserve Bank of India on Wednesday kept the repo rate steady at 5.5% after three consecutive cuts, citing global tariff uncertainties. The FY26 growth forecast remains at 6.5%, while inflation projection is lowered to 3.1%.

RBI decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy

The decision of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on June 6

The Central Bank is projected to cut the repo rate by another 50 basis points (bps) this fiscal (FY26), after the 50 bps cut until April this year

By adopting an accommodative stance, the RBI's Monetary Policy Committee has signalled a shift in priorities from inflation containment to growth revival

It may be noted that the growth projection for the current year has been marked down by 20 basis points relative to our earlier assessment of 6.7 per cent in the February policy": RBI Governor

The RBI slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US

RBI’s change in stance is aimed at supporting growth but expectations must be tempered, given the uncertainties of the global economic environment

The rate cut comes for the first time in nearly five years after the last rate reduction in May 2020

Raises inflation target to 4.8 per cent from previous projection of 4.5 per cent for current fiscal

The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.

Keeps growth projection unchanged at 7.2 per cent for the current fiscal

Opens at 83.94 against the greenback, touches 83.93, registering a rise of 2 paise over its previous closing price

Apex bank emphasises that uncertainties related to food price outlook warrant a close monitoring

On Friday, RBI Governor Shaktikanta Das announced the majority decision of the MPC to maintain the repo rate at 6.5 percent.

RBI Governor Shaktikanta Das announces MPC's decision to maintain the repo rate at 6.5% after three-day deliberations.

Reserve Bank of India Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent.