Since the last hike in Feb 2023, the central bank has maintained the repo rate at 6.5% for the seventh consecutive time.
The RBI projects FY25 real GDP growth at 7.2%, while keeping the inflation forecast steady at 4.5%.
India's forex reserves surged to a record $651.5 billion as of May 31, supporting the nation's economic stability.
RBI Governor Das emphasizes price stability and the need to address food inflation risks achieving a 4% inflation target.
RBI forecasts 7.2% GDP growth, driven by resilient domestic activity, strong manufacturing, and buoyant service sectors.
RBI remains committed to maintaining financial market stability, focusing on liquidity and customer protection.