Indian markets / mainstream financial
By lens · 1 takes across the edition
Business Standard · India · RBI holds repo at 5.25%, monsoon and El Niño cloud the rate path
Five-point takeaway from the June MPC: repo held at 5.25%, neutral stance maintained, GDP forecast trimmed to 6.6% from 6.9%, CPI forecast raised to 5.1% from 4.6%, and monsoon flagged as the dominant domestic risk. Notes the 100bp cumulative cut over FY25-26 as context for the hold.
“The MPC kept the repo rate unchanged at 5.25% and maintained the neutral stance while raising its inflation forecast amid sub-normal monsoon concerns.”