RBI Monetary Policy Highlights: 2-6% Inflation Target Band Sacrosanct For RBI, Says Guv Ma

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RBI Monetary Policy Highlights: The Reserve Bank of India's Monetary Policy Committee voted unanimously to keep the benchmark interest rate unchanged at 5.25% and maintained the 'neutral' stance on June 5, opting to look past the rupee weakness and assess the fallout from rising global energy costs on inflation and growth. The rate-setting panel was widely expected to keep the repo rate unchanged at the current level in its second bi-monthly monetary policy review for the new fiscal 2026-27 (FY27).

RBI Governor Sanjay Malhotra said the six-member MPC had undertaken a detailed assessment of evolving macroeconomic and financial conditions before voting unanimously to leave the benchmark rates unchanged. Guv Malhotra said the MPC acknowledged higher energy prices and global supply constraints were having "adverse spillovers" on economic activity, but that domestic demand remained "resilient". The RBI panel hiked the FY27 CPI inflation projection by 50 basis points to 5.1%.

ALSO READ: Big Boost for Foreign Investors: Indian Government Bonds TAX-FREE For Foreign Investors

RBI policymakers also cut the FY26 GDP growth estimate to 6.6% from 6.9% earlier as external factors pose downside risks to growth outlook amid the West Asia crisis. According to economists polled by NDTV Profit, the six-member panel to adopt a wait-and-watch approach as it assesses the impact of the ongoing Middle-East geopolitical conflict on the Indian economy. 

Stay tuned to NDTV Profit for all back-to-back live updates of RBI Monetary Policy Review announcements on Friday, June 5, 2026.

June 5, 2026 at 04:07PM

from NDTV News- Special https://ift.tt/myHivKL
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