RBI Holds Repo Rate at 5.25%, Supports INR Outlook: Societe Generale
Societe Generale analysts say the RBI's decision to keep the repo rate unchanged at 5.25% with a neutral stance supports the INR outlook, despite a cut in GDP growth forecast and an upward revision to CPI inflation.
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The Reserve Bank of India's Monetary Policy Committee kept the repo rate steady at 5.25% with a neutral stance, a move that Societe Generale analysts say supports the Indian rupee's outlook.
The central bank reduced its FY27 GDP growth forecast to 6.6% while raising its FY27 CPI inflation projection. According to Societe Generale's Kunal Kundu and Galvin Chia, the RBI's pause aligns with a supportive near-term view for INR.
Source: FXStreet Forex News