RBI Cuts Repo Rate, Boosts Economic Growth
The Reserve Bank of India has cut the repo rate by 25 bps to 5.25%, lowering SDF, MSF, and bank rates during the monetary policy committee today. Strong 8.2% GDP growth and low inflation led to the FY26 GDP forecast rising to 7.3% and inflation falling to 2%. RBI will conduct Rs 1 lakh crore OMOs to manage liquidity effectively.