RBI Governor LIVE: Sanjay Malhotra Holds Press Conference After Repo Rate Remains Unchanged
Reserve Bank of India (RBI) Governor Sanjay Malhotra addressed the media in a post-monetary policy press conference, announcing that the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5%. The decision, made after three days of deliberations from August 4-6, reflects a cautious approach amid global uncertainties, including tariff-related challenges and geopolitical tensions. Malhotra emphasized that the neutral policy stance allows flexibility to respond to evolving macroeconomic conditions. He highlighted resilient domestic growth, supported by a strong monsoon and robust private consumption, while noting that inflation is projected to rise slightly from Q4 FY26, with CPI inflation revised to 3.1% for FY26. The GDP growth forecast remains steady at 6.5% for FY26. The press conference also covered measures to enhance credit flow, financial inclusion, and banking sector stability, with no immediate changes to foreign direct investment (FDI) limits or cryptocurrency policies. Watch the full press conference for insights into India’s economic outlook and the RBI’s strategy to balance growth and inflation.
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