Mumbai, Apr 8 (TNT) :The Reserve Bank of India (RBI) on Wednesday kept the policy repo rate unchanged at 5.25 per cent, while maintaining its *neutral monetary policy stance.
This decision was taken by RBI Governor Sanjay Malhotra during the first monetary policy review of the current financial year.
Addressing the media after the policy meeting, Malhotra said the decision was taken amid rising uncertainties in the global economy, driven by heightened geopolitical tensions, the ongoing conflict in West Asia, and disruptions in global supply chains.
He noted that a temporary ceasefire in the West Asia conflict had been announced earlier in the day, offering some relief to international markets.
Despite the volatile global environment, the Governor said India’s macroeconomic fundamentals remain strong, supported by resilient economic growth and relatively low inflation levels prior to the escalation of tensions in West Asia.
The central bank reiterated that it remains focused on balancing inflation control with growth support while closely monitoring global and domestic developments.
Meanwhile , Several Rreal Estate industry leaders welcomed the RBI’s decision to keep the repo rate unchanged at 5.25 per cent, saying the move reflects confidence in the resilience of the Indian economy and will support growth across the property sector.
TNT KS
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