RBI kept the repo rate unchanged at 5.25%, cut India's GDP growth forecast to 6.6%, raised inflation projections, and announced measures to attract foreign capital.

RBI holds repo rate at 5.25%, cuts GDP growth forecast to 6.6% and raises inflation outlook- Key takeaways from MPC meeting

Notably, the repo rate decision came just hours after US President Donald Trump announced a “bilateral ceasefire” with Iran, which sparked a rally in global markets. Indian benchmark indices also opened higher following the development.

RBI holds repo rate steady at 5.25%, sees GDP growth at 6.9%; warns of US-Iran war impact

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RBI holds repo rate at 5.25%, cuts GDP growth forecast to 6.6% and raises inflation outlook- Key takeaways from MPC meeting

RBI holds rates steady at 5.25%, sees GDP growth at 6.9%: Key highlights inside