April 08, New Delhi: The Reserve Bank of India announced its latest monetary policy decision on Wednesday. The Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, has maintained the repo rate at 5.25 percent, while maintaining a "neutral" policy stance.
This decision comes amid cautious optimism about a global recovery following the easing of tensions in the six-week-long US-Israel-Iran conflict.
RBI Governor Sanjay Malhotra said that India's GDP growth is projected at 7.6 percent, highlighting strong economic momentum driven by consumption and investment. However, he cautioned that elevated energy and commodity prices due to disruptions in the Strait of Hormuz could impact growth in the coming year.
Governor Malhotra also said that inflation has remained below target, with CPI inflation projected at 4.6% for this year.
(By: RBI Governor Sanjay Malhotra)
