Mumbai, Aug. 6 -- The Reserve Bank of India kept its key repo rate unchanged at 5.50% in its August meeting, following a 50 bps hike in June. The decision came amid easing inflation and a recent 25% US tariff on Indian imports. Inflation forecast was cut to 3.1% from 3.7%, staying within the RBI's 2-6% target. GDP growth estimates were retained at 6.5% for FY2025/26. The SDF and MSF rates were also held steady at 5.25% and 5.75%. The CRR cut announced in June-from 4% to 3%-will be implemented in four tranches starting September 2025.
Published by HT Digital Content Services with permission from Capital Market....