NEW DELHI, June 5 (Xinhua) -- The Reserve Bank of India, the country's central bank, announced on Friday that it has kept the repo rate unchanged at 5.25 percent.
Repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.
The central bank stated that as the Middle East conflict prolongs without any meaningful resolution in sight, risks to both inflation and growth have increased.
Meanwhile, real GDP growth for 2026-27 is projected at 6.6 percent. The retail inflation for 2026-27 is projected at 5.1 percent.
