RBI Holds Monetary Policy Stance Amid Global Uncertainties, Projects FY27 GDP Growth at 6.9%

UPI@10 Years: 86% of Digital Transactions, Government Allows Merchant Fees Under PSS Act Amendment

UPI completes 10 years with 86% of India's digital transactions, but the zero-MDR model is ending. The government has amended the PSS Act to allow merchant fees, aiming to fund the next growth phase in rural areas and cross-border payments. Key challenge: balancing inclusion with sustainability.

India's GDP Growth Stays Above 7% Amid West Asia War: 125 bps Repo Rate Cut, Low Services Inflation Key

The Indian economy has defied expectations of a sharp slowdown despite the West Asia war. GDP growth remained above 7%, inflation stayed low, and current account deficit was contained at 0.3% of GDP. Key factors include 125 bps repo rate cuts, GST cuts, and resilient services exports and low services inflation. However, risks persist from rising food inflation, potential El Niño impact, and vulnerability of services sector.

RBI Holds Repo Rate at 5.25%, Maintains Neutral Stance; GDP Growth Forecast Raised to 6.7%

The RBI MPC unanimously voted to keep the repo rate unchanged at 5.25%, maintaining a neutral stance. While headline inflation is projected to rise to 5.0% for FY2026-27 due to food and fuel pressures, core inflation remains benign. GDP growth forecast has been revised upward to 6.7%.

RBI MPC Status Quo at 5.25% as CPI Inflation Rises to 4.8%, WPI at 9.92%

Retail inflation rose to 4.8% in August 2026, with food inflation at 5.95% and WPI at 9.92%. Broad-based price pressures strengthen the case for an RBI rate hike, despite the MPC keeping repo rate unchanged at 5.25% in August. This is critical for understanding monetary policy direction and the inflation targeting framework.

RBI Holds Repo Rate at 5.25%, Stance Neutral; India Fastest Growing Big Economy

The RBI has kept the repo rate unchanged at 5.25% with a neutral stance, signaling a pause in the rate cycle. Governor Sanjay Malhotra highlighted that India remains the fastest growing large economy, but warned of rising inflation in the near term due to higher food and fuel prices, exacerbated by the West Asia conflict and US tariffs.

RBI Holds Repo Rate at 5.25%, Lowers GDP Growth Forecast to 6.7% for FY27

RBI kept the repo rate unchanged at 5.25% citing a hazy outlook due to monsoon uncertainties, El Niño, geopolitics, and global trade policy. Growth projection for FY27 was lowered to 6.7% while CPI inflation is projected at 5.0% with upside risks from food and fuel supply shocks. Students must memorize these key data points for Prelims and understand the growth-inflation trade-off for Mains.

RBI Holds Repo Rate at 5.25%, Maintains Neutral Stance, Raises GDP Forecast to 6.7%

RBI MPC kept repo rate unchanged at 5.25% amid global uncertainties, raised GDP growth forecast to 6.7% and lowered inflation projection to 5%. Students must note the neutral stance, unanimous decision, and the context of West Asia conflict and volatile crude oil prices.

RBI Steps Up Rupee Internationalisation Push: BRICS Task Force, UPI & CBDC for Faster Cross-Border Payments

RBI Governor Sanjay Malhotra announced a renewed push for rupee internationalisation at a FICCI-IBA event. The RBI is exploring faster cross-border payments via UPI linkages, CBDCs, and a BRICS task force. MoUs have been signed with UAE, Mauritius, Maldives, and Indonesia to promote local currency trade, aiming to reduce dollar dependence and strengthen the rupee's global role.