RBI Monetary Policy Highlights April 2026-27

Mumbai, Apr 8 (PTI) Following are the highlights of the Reserve Bank's first bi-monthly monetary policy of fiscal 2026-27 announced by Governor Sanjay Malhotra on Wednesday:

* Benchmark interest rate (repo) remains unchanged at 5.25 pc;



* Monetary policy stance retained at neutral;

* FY27 GDP growth pegged at 6.9 pc compared to 7.6 pc in FY26;



* Inflation estimated at 4.6 pc in FY27;


* West Asia crisis likely to impact domestic economy;



* Elevated energy, other commodity prices a drag on domestic production in FY27;

* RBI to remain proactive, to ensure sufficient liquidity in banking system;

* As on Apr 3, India's forex reserves stood at USD 697.1 bn; adequate for 11-month of imports;



* Next meeting of RBI's rate-setting panel scheduled for June 3 to 5.