New Delhi: Reserve Bank of India Governor Sanjay Malhotra has said that problems in the Middle East can impact India’s economy.
The RBI has not changed the repo rate, which stays at 5.25%.
This means:
Loan interest rates will not increase
But people will also not get cheaper loans
Prices May Go Up
RBI says inflation (price rise) may increase to 4.6% in 2027.
This means everyday items like food, fuel, and other goods may become more expensive.
India’s growth rate is expected to be 6.9%, which is lower than before.This means the economy may grow a bit slower.
The Middle East situation is affecting oil and gas prices.
Right now, there is a short break in the conflict, so prices are stable.
If this continues, it can help control inflation.
No change in EMI for now
Daily expenses may increase
Economy may slow slightly
In short, RBI is trying to control rising prices and support growth at the same time.