RBI Holds Repo Rate at 5.25% and Raises FY27 Growth Forecast to 6.7%

RBI repo rate FY27 GDP growth inflation forecast Sanjay Malhotra

The Reserve Bank of India’s Monetary Policy Committee kept the policy repo rate unchanged at 5.25% and maintained a neutral stance. The Standing Deposit Facility rate stayed at 5% and the Marginal Standing Facility at 5.5%.

The RBI raised its FY27 real GDP growth forecast to 6.7%, up from 6.6%, citing strong domestic demand, robust manufacturing and services activity, and solid export performance.

Inflation forecasts were trimmed: the CPI inflation projection for FY27 was lowered to 5% (from 5.1%) and the core‑inflation estimate to 4.3% (from 4.7%). Retail inflation in June was 4.38%, within the 2‑6% tolerance band, and the bank expects headline inflation to peak in the third quarter of FY27 before easing.

Governor Sanjay Malhotra noted that price pressures are currently driven mainly by food and fuel, with little sign of broader generalisation.

The RBI also reported foreign portfolio inflows of about $7.1 billion in June‑July and a rise in foreign‑exchange reserves to $692.9 billion.

Entities

FY27 · FY27 · FY27 GDP growth forecast · Fiscal Year 2026‑27 · Foreign exchange reserves · India · Indian economy · Indian economy · Indian rupee · Monetary Policy Committee · Monetary Policy Committee (MPC) · Repo rate

Claims

What the coverage asserts, and how many sources carry each claim.

[● 17 SOURCES] The RBI projected GDP growth for FY 27 at roughly 6.7 percent. www.news9live.com · wtvbam.com · www.aajtak.in · www.zoomnews.in · hindi.business-standard.com · +9 more
[● 12 SOURCES] Inflation is expected to peak in Q3 FY 27 at about 5.9 percent. www.news9live.com · thenews21.com · www.zoomnews.in · hindi.business-standard.com · indias.news · +4 more
[● 14 SOURCES] Foreign exchange reserves stood at about USD 682 billion in late July 2026. www.zoomnews.in · hindi.business-standard.com · hindi.latestly.com · www.chinimandi.com · econotimes.com · +6 more
[● 3 SOURCES] Retail inflation in India remained within the RBI’s tolerance band of 2‑6 percent. kelo.com · wtvbam.com
[● 2 SOURCES] Governor Sanjay Malhotra announced the repo‑rate decision at 10:00 a.m. and held a press conference at 12:00 p.m.
[● 29 SOURCES] The RBI retained a neutral policy stance. indias.news · www.aajtak.in · www.zoomnews.in · hindi.business-standard.com · hindi.latestly.com · +20 more
[● 20 SOURCES] The RBI kept the repo rate unchanged at 5.25% on August 5, 2026. indias.news · kelo.com · www.aajtak.in · www.zoomnews.in · hindi.business-standard.com · +9 more
[● 18 SOURCES] The Standing Deposit Facility rate remained at 5.0% and the Marginal Standing Facility rate at 5.5%. www.aajtak.in · www.zoomnews.in · hindi.business-standard.com · hindi.latestly.com · indias.news · +8 more
[● 5 SOURCES] The Standing Deposit Facility rate remained at 5.0% and the Marginal Standing Facility and bank rates stayed at 5.5%. www.zoomnews.in · www.freejobalert.com · hindi.business-standard.com · hindi.latestly.com
[● 14 SOURCES] The RBI projected CPI inflation for FY 27 at 5.0 percent. www.chinimandi.com · econotimes.com · www.zoomnews.in · hindi.business-standard.com · hindi.latestly.com · +6 more
[● 12 SOURCES] The RBI retained a neutral policy stance in its August 2026 monetary policy decision. www.zoomnews.in · www.freejobalert.com · hindi.business-standard.com · hindi.latestly.com · indias.news · +4 more
[● 4 SOURCES] Governor Sanjay Malhotra announced the repo‑rate decision at 10:00 a.m. on 5 August 2026. hindi.business-standard.com · hindi.latestly.com · indias.news