Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that the country’s economic growth continues to be supported by resilient demand and it remains the world’s fastest-growing large economy. He said the country’s economy has performed better than expected in the April-June quarter of this fiscal. Presenting Monetary Policy statement, Mr. Malhotra said, RBI has decided to keep the repo rate unchanged at 5.25 percent.
The RBI Governor said, West Asia conflict continues to challenge global economy by disrupting key trade routes. He said, RBI has lowered CPI inflation projection to 5 percent from an earlier estimate of 5.1 percent for financial year 2027.
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