RBI Keeps Repo Rate Unchanged at 5.25% in August
The Reserve Bank of India maintained its benchmark repo rate at 5.25% during the August policy meeting, in line with market expectations.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) announced on Wednesday that it held the repo rate steady at 5.25%. The decision was widely anticipated by economists and market participants.
The central bank's unanimous vote to keep rates unchanged reflects its assessment of the current inflation and growth outlook. No further details on the forward guidance were immediately provided in the initial announcement.
- Benchmark repo rate: 5.25% (unchanged)
- Decision: as expected
- Next policy review: TBD
Source: FXStreet Forex News