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Central Bank Profile · On Hold · Prototype

🇮🇳 Reserve Bank of India

India · Currency: INR · Governor (placeholder)

Policy Rate
6.50%
prototype
Inflation Target
4.0% ±2.0%
prototype
CPI Inflation
4.0%
2028 · imf
GDP Growth
+6.5%
2028 · imf
Stance
On Hold
prototype
Mandate

Maintain price stability while supporting growth; CPI target 4% ±2%.

Last decision: Held repo at 6.50%; withdrawal of accommodation

Recent Rate History

  1. -12M6.50%Hold
  2. -9M6.50%Hold
  3. -6M6.50%Hold
  4. -3M6.50%Hold
  5. Recent6.50%Hold

Recent Statements

  • Recent

    “Stance remains withdrawal of accommodation to align inflation with the target.”

  • -3M

    “Headline inflation is moderating but food prices remain volatile.”

  • -6M

    “Resilient growth allows MPC to remain focused on inflation.”

Observed Market Reaction (Last Decision)

Currency
INR flat
Bonds
10Y G-Sec -2 bp
Equities
Nifty 50 -0.20%

Upcoming Data to Watch

  • CPI inflation
    Next 10 days
  • IIP industrial production
    Next 14 days
  • RBI MPC decision
    Next 30 days

Related Economic Intelligence Events

RBI holds repo at 6.50%; tone signals durable disinflation
MPC retains a neutral stance with one dissent voting for a cut; growth forecast nudged to 7.3%.
India CPI eases to 4.8% YoY on favorable food base
Headline CPI back inside RBI's tolerance band as vegetable prices normalize; core stable around 3.2%.