RBI keeps repo rate unchanged at 5.5%
The Reserve Bank of India (RBI) just decided to leave its key interest rate unchanged at 5.5% after its latest policy meeting.
This steady approach lets earlier rate cuts do their thing, while the RBI keeps a close eye on global ups and downs.
Inflation and GDP growth forecast
RBI now expects inflation to drop, which could open the door for future rate cuts.
The GDP growth forecast is up too, now at 6.8%, boosted by strong demand and recent government reforms like GST tweaks.
Even with these shifts, RBI is sticking with a neutral stance so it can stay flexible if things change.
Trade worries and past policies
Interestingly, two members of the policy committee pushed for a more "accommodative" stance—basically saying they're ready to cut rates if needed.
The RBI will take another look at its approach in December, keeping an eye on trade worries and how past policies play out.