New Delhi, Oct. 1 -- The Monetary Policy Committee (MPC) of the Reserve Bank of India has decided to maintain status quo on the policy repo rate at 5.5pc, given the backdrop of moderate headline inflation and high GDP growth in Q1 FY 26 at 7.8pc amidst tariff related uncertainties, said Hemant Jain, president of PHD Chamber of Commerce and Industry (PHDCCI) today.
Jain said "With GDP growth holding steady and inflation risks expected to remain contained-particularly as the full impact of recent GST rate reductions is yet to materialize-the Committee has opted to retain a neutral policy stance. Further, Good monsoon, direct tax cuts, and monetary push, will led to an upward revision of India's Real GDP growth for FY 2025-26.""Healthy progre...