Evolution of growth-inflation dynamics unlikely to permit further rate cuts

The big surprise in this meeting was that the Monetary Policy Committee (MPC) stuck to its economic growth projections. The MPC maintained its estimate for India’s FY2026 GDP growth at 6.5 per cent

​The big surprise in this meeting was that the Monetary Policy Committee (MPC) stuck to its economic growth projections. The MPC maintained its estimate for India’s FY2026 GDP growth at 6.5 per cent