ISRO Prepares for Launch of Earth Observation Satellite EOS-3 Today
India’s space agency ISRO is set to launch the Earth Observation Satellite EOS-3...
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business
RBI Holds Interest Rates Steady at 6.5% Amid Inflation Concerns
Summary
The Reserve Bank of India announced today it will maintain the repo rate at 6.5%, citing persistent inflationary pressures and global economic uncertainties. The RBI's Monetary Pol
The Reserve Bank of India announced today it will maintain the repo rate at 6.5%, citing persistent inflationary pressures and global economic uncertainties. The RBI's Monetary Policy Committee emphasized caution, noting retail inflation remains above the 6% target for the third consecutive month. The central bank also revised GDP growth forecasts down to 6.1% for FY 2026. Analysts see the pause as a move to balance growth and inflation risks, Bloomberg reported. The decision impacts borrowing costs for businesses and consumers nationwide.
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