What was the Reserve Bank of India's decision on the repo rate?

The Reserve Bank of India's Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 5.25% and maintained a neutral monetary policy stance.

Which stock market indices closed higher after the RBI's policy verdict?

The Nifty 50 index closed higher, surpassing the 25,650 level, and the S&P BSE Sensex also saw gains, closing above 83,580 points.

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RBI Holds Rates Steady, Boosting Investor Confidence

Q: How did the Indian economy perform according to the RBI?

The Indian economy continues on a steady growth trajectory, with real GDP expected to register 7.4% growth this year despite global headwinds.

6 Feb

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Summary

RBI kept repo rate unchanged at 5.25%, maintaining a neutral stance.
Indian economy shows strong growth trajectory, projected at 7.4% this year.
Major indices, including Nifty, closed higher after initial choppy trade.

RBI Holds Rates Steady, Boosting Investor Confidence

On February 6, Indian equity benchmarks recovered from earlier losses during choppy trading, regaining investor confidence after the central bank's policy announcement. The Reserve Bank of India's Monetary Policy Committee decided to keep the repo rate unchanged at 5.25% and maintained a neutral monetary policy stance.

The Nifty 50 index closed higher, surpassing the 25,650 level, driven by robust performance in FMCG, consumer durables, and private banking sectors. The S&P BSE Sensex also saw gains, closing above 83,580 points.

RBI Governor Sanjay Malhotra noted that the Indian economy continues on a steady growth trajectory, with real GDP expected to register 7.4% growth this year despite global headwinds. Inflation outlook for the first two quarters of the next year was revised slightly upwards to 4% and 4.2%, respectively.