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The Reserve Bank of India kept its benchmark repo rate steady at 5.25% for the fourth consecutive time in its August policy. Policymakers cited rising food and fuel costs as primary inflation drivers, with global geopolitical tensions and volatile oil prices posing significant risks.
The Reserve Bank of India kept the repo rate steady at 5.25 percent, citing global instability and persistent inflation. GDP growth is projected at 6.7 percent for the current fiscal year, with the FY27 inflation forecast adjusted downward.
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