NEW DELHI, April 8 (Xinhua) -- India's central banking institution, the Reserve Bank of India (RBI), on Wednesday announced it has kept the repo rate unchanged at 5.25 percent.
Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.
"Consequently, the standing deposit facility (SDF) rate remains at 5.00 percent and the marginal standing facility (MSF) rate and the bank rate remains at 5.50 percent," an RBI statement reads.
Meanwhile, the country's real GDP growth for 2026-27 is projected at 6.9 percent, with Q1 at 6.8 percent, Q2 at 6.7 percent, Q3 at 7.0 percent and Q4 at 7.2 percent.
The retail inflation (Consumer Price Index) for 2026-27 is projected to be at 4.6 percent with Q1 at 4.0 percent, Q2 at 4.4 percent, Q3 at 5.2 percent and Q4 at 4.7 percent.
"Persistently elevated energy prices due to the West Asia conflict and possible El Nino conditions (which could have a negative impact on southwest monsoon) pose upside risks to inflation," the RBI said. ■
