The Reserve Bank of India (RBI) has maintained its key lending rate at 6.5% for the tenth consecutive time, as announced by Governor Shaktikanta Das following a Monetary Policy Committee (MPC) meeting.
The MPC retained the real GDP growth forecast for the current financial year at 7.2%. This meeting introduced three new external members to the committee. Governor Das indicated that inflation is expected to rise moderately to 4.8% in the third quarter, emphasizing the cautious approach the RBI is taking to balance inflation management with economic growth.