The Reserve Bank of India (RBI) kept the repo rate at 6.5% in its latest policy meeting. It aims to curb inflation and support growth, with FY’25 GDP growth forecasted at 7.2% and retail inflation at 4.5%. Global economic conditions are steady, while domestic activity remains strong. Forex reserves hit a record USD 675 billion. RBI plans new measures, including a digital lending app registry and enhanced UPI payments. The next MPC meeting is set for October 7-9. RBI’s steady policy and growth forecasts support economic stability, likely influencing investor confidence positively.
