Reserve Bank of India (RBI) maintained its inflation projection for FY25 at 4.5 per cent in its Monetary Policy Committee.
In the Monetary Policy Committee, RBI projected CPI inflation for FY25 at 4.5 per cent.
CPI inflation is pegged at 4.9 per cent for Q1FY25, 4.4 per cent for Q2FY25, 4.7 per cent for Q3FY25, and 4.3 per cent for Q4FY25.
For FY25, GDP growth has been projected at 7.2%. However, the forecast for the first quarter has been revised to 7.1 per cent from the earlier projection of 7.3 per cent.
RBI decided to keep the repo rate unchanged at 6.5 per cent for the ninth consecutive time.
The decision to leave rates unchanged comes amid speculations that the Federal Reserve may cut rates in September.
