The RBI's Monetary Policy Committee unanimously decided to keep the benchmark repo rate unchanged at 5.25% and retain its neutral policy stance.
Governor Sanjay Malhotra said the global economic outlook remains uncertain due to elevated energy prices and supply-chain disruptions arising from the West Asia crisis.
The RBI noted that central banks worldwide are becoming more cautious, with some expected to shift towards tighter monetary policy amid rising global risks.
Repo Rate Unchanged at 5.25% as RBI Adopts Wait-and-Watch Approach
The RBI has kept the repo rate unchanged at 5.25% and retained its neutral stance, citing rising geopolitical risks, elevated energy prices, and global supply-chain disruptions linked to the West Asia crisis
RBI holds repo rate
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The Reserve Bank of India's Monetary Policy Committee (MPC) on Friday kept the benchmark repo rate unchanged at 5.25% and retained its neutral policy stance.
The decision was unanimous, with RBI Governor Sanjay Malhotra stating that the global economic outlook remains clouded by elevated energy prices and supply-chain disruptions arising from the ongoing crisis in West Asia.
He added that, against this backdrop, monetary policy has become more cautious across the world, with several central banks likely to pivot towards policy tightening.
(This is a developing story.)