RBI holds rates amid uncertainty over Middle East conflict
Bank acknowledges risks to inflation and growth, but says India is well placed to withstand shocks
The Reserve Bank of India’s monetary policy committee (MPC) has voted unanimously to hold rates following a meeting held on April 6–8.
The policy repurchase rate remains at 5.25%, the standing deposit facility rate at 5%, and the marginal standing facility rate and the bank rate at 5.5%.
As per the new consumer price index (CPI) series (2024=100), headline inflation increased to 3.2% in February from 2.7% in January. Excluding precious metals, core inflation remained moderate at 2.1% in January
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