[REVISION HISTORY]
India RBI holds repo rate, lifts FY27 growth to 6.7%
Updated 14 times since CLSTR started tracking revisions of this situation.
What changed
2026-08-22 14:32 UTC → 2026-08-31 19:17 UTC ·
added
removed
On 5 August 2026, the Reserve Bank of India's Monetary Policy Committee (MPC) kept the policy repo rate at 5.25%, marking the fourth consecutive meeting without a rate change. Governor Sanjay Malhotra raised the FY27 real-GDP growth outlook to 6.7% and lowered the FY27 CPI projection to 5%. By mid-August, the RBI reiterated its stance, noting that the decision to hold rates provides stability for the real estate sector. Regarding technological shifts, the bank continued economic indicators presented mixed signals. While a Crisil report suggested GDP growth might slow to urge Indian banks 6.6%, financial conditions improved in July due to adopt artificial intelligence while warning of risks such as biased decision-making, data privacy concerns, and potential USD 4.2 billion in net Foreign Portfolio Investment inflows, the highest since September 2024. Additionally, systemic failures. liquidity surplus widened, supported by FCNR(B) deposits. Meeting minutes released on 19 August revealed that while confirmed the committee unanimously voted unanimous vote to keep rates steady, there is hold rates, though the MPC noted significant scope for potential hikes if inflationary risks materialize. Governor Malhotra emphasized the need for vigilance against second-round effects from elevated commodity prices, specifically such as food, fuel, and input costs. While July headline consumer inflation was 4.45%—within the 2-6% tolerance band—policymakers remain concerned about price expectations becoming unanchored due to geopolitical tensions in West Asia and rising oil prices. On 22 August, the RBI reaffirmed its decision to maintain the benchmark repo rate at 5.25%. Governor 5.25% rate, with Malhotra indicated a preference for waiting for seeking “greater certainty regarding the inflation trajectory” before considering policy recalibration. While the Indian economy performed better than expected in Q1:2026-27, policymakers remain concerned about recalibrating. Concerns persist regarding supply-side risks, including patchy southwest monsoon rainfall, rainfall and El Niño conditions, and rising energy costs linked to geopolitical tensions conditions. By the end of August, RBI data showed that average interest rates on fresh rupee term deposits declined in West Asia. Although headline consumer price inflation was recorded at 4.38% July to 5.90% from 5.99% in June 2026, the central bank remains watchful June. Lending rates for signs of food or fuel prices translating into broad-based inflation. new loans remained relatively stable, averaging 8.52%.
Versions
- 2026-08-31 19:17 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-22 14:32 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-20 22:30 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-16 06:52 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-11 16:43 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-05 21:19 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-05 18:31 UTC India RBI holds repo rate, lifts FY27 growth to 6.7%
- 2026-08-05 12:04 UTC India RBI repo rate unchanged, growth outlook 6.7%
- 2026-08-05 10:24 UTC India RBI repo rate unchanged, growth outlook 6.7%
- 2026-08-05 07:35 UTC India RBI repo rate unchanged, growth outlook 6.7%
- 2026-08-05 06:44 UTC India RBI repo rate unchanged, growth outlook 6.7%
- 2026-08-05 06:35 UTC India RBI repo rate unchanged, growth outlook 6.7%
- 2026-08-05 05:19 UTC India RBI repo rate unchanged, growth outlook 6.7%
- 2026-08-05 03:43 UTC India RBI repo rate unchanged
- 2026-08-05 03:37 UTC India RBI repo rate unchanged
Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.