#RBI hikes repo rate by 50 bps to 5.90%, which is the highest in the last 3 years.
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As India gears up for the #unionbudget, economists forecast FY26 nominal #GDP growth at 10-10.5%, driven by easing #inflation and #rbi rate cuts. While public #capex and private investments are set to boost momentum, challenges persist with fragmented private capex, subdued export demand, and global uncertainties.
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#RBI might cut policy rate by 25 bps each in February and April monetary policy review, says #DeutscheBank.
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The #RBI has unanimously reduced the repo rate by 25 basis points to 6%, Governor #SanjayMalhotra announced.
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