New Delhi, Aug. 7 -- Amidst rising global uncertainty, the Monetary Policy Committee (MPC) of the Reserve Bank of India has retained the policy rate at 5.5% and stuck to its forecast of 6.5% GDP growth in 2025-26 even as governor Sanjay Malhotra pointed to the nation's contribution to global growth. "We (India) have a very robust growth rate," he said, adding "we are contributing about 18% (to global growth) which is more than US..." MPC's meeting comes in the immediate backdrop of US President Trump imposing an additional 25% penalty on India on account of its imports of Russian crude oil.P19
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