RBI keeps repo rate unchanged at 6.5%, GDP for FY25 projected at 7.2%

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has opted to maintain the key repo rate at 6.5% for the 10th consecutive time.
RBI Governor Shaktikanta Das said five members of the 6-member MPC voted in favour of keeping the policy repo rate unchanged at 6.5%.
“After evaluating the macroeconomic conditions and future outlook, the Monetary Policy Committee (MPC) decided, with 5 out of 6 members in agreement, to maintain the policy rate at 6.5%,” said Shaktikanta Das.
This marks the tenth consecutive meeting in which the central bank’s six-member MPC has decided to keep the key policy rates unchanged.
The standing deposit facility (SDF) rate remains at 6.25% and the marginal standing facility (MCF) and the bank rate stand unchanged at 6.75%.
The central bank has projected real GDP growth for FY25 at 7.2%, while the inflation forecast for the financial year is estimated at 4.5%. He said that the real GDP grew by 6.7% in Q1.
Dharmendra Raichura – VP & Head of Finance at Ashar Group said that this stable approach promotes overall stability, supporting economic momentum while keeping inflation within control.
“The RBI has maintained its inflation forecast at 4.5% for FY2025, reflecting cautious optimism, alongside a solid GDP growth projection of 7.2%. Further liquidity measures are in place to uphold financial stability in the market,” he added.
Consumer Price Index (CPI) inflation is projected at 4.1% for the second quarter of the current fiscal year. It is expected to rise to 4.8% in the third quarter, before easing to 4.2% in the fourth quarter. Looking ahead, CPI inflation for the first quarter of FY26 is projected at 4.3%.