
RBI Holds Key Rate Steady, Revises Growth Forecast Downward: What It Means for the Economy
In its latest monetary policy review, the Reserve Bank of India (RBI) decided to keep the benchmark repo rate unchanged at 6.50%, while adjusting the country’s economic growth forecast for the fiscal year downward. This dual move underscores the central bank’s cautious approach amid global economic uncertainty and persistent inflationary pressures. Why Did the RBI…