The RBI Governor Sanjay Malhotra on Wednesday announced that the repo rate will remain unchanged at 5.5 per cent. While speaking about the repo rate, the governor also highlighted that because of the good monsoon and GST rate rationalisation, the Reserve Bank of India (RBI) has revised the growth projections in India for FY 26 upwards.

As reported by news agency ANI, the gross domestic product (GDP) growth forecast for FY26 has been revised upward to 6.8 per cent, with quarterly estimates of 7 per cent in Q2 as against 6.7 per cent announced earlier, 6.4 per cent in Q3 as compared to 6.6 per cent earlier, and 6.2 per cent in Q4 as against 6.3 per cent projected earlier.