Brief by Shorts91 Newsdesk / 05:18am on 09 Apr 2025,Wednesday India
The Reserve Bank of India (RBI) has lowered its GDP growth forecast for 2025-26 to 6.5% from 6.7%, citing global trade risks and policy uncertainty. Governor Sanjay Malhotra announced the revised outlook after the Monetary Policy Committee meeting, also revealing a 25 basis point cut in the repo rate to 6%. Inflation is projected at 4% for the year, with a stable food price outlook and easing household expectations. The RBI noted strong services exports and remittances, a manageable trade deficit, and robust forex reserves. The central bank expects the monsoon to be normal, supporting agriculture and food price stability. (PC: India Today)
