By Akanksha
June 08, 2026
MPC unanimously voted to keep the repo rate unchanged at 5.25% and retained a neutral stance, choosing to wait for greater clarity on inflation risks.
RBI lowered its FY27 GDP growth forecast to 6.6% from 6.9%, citing global uncertainties, supply disruptions and rising cost pressures.
RBI increased its FY27 CPI inflation projection to 5.1% from 4.6%, reflecting higher energy prices and emerging supply-side pressures.
Core inflation is projected at 4.7% for FY27, with the RBI noting that underlying price pressures remain broadly benign at present.
Governor Sanjay Malhotra said the global outlook remains clouded by geopolitical tensions, market volatility and cautious business sentiment.
Govt exempted FIIs from capital gains tax on specified government securities and introduced new tax-relief categories under the Income-Tax (Amendment) Ordinance, 2026.
RBI added 15-year, 30-year and 40-year government bonds to the Fully Accessible Route, allowing foreign investors unrestricted access to a wider pool of long-term G-Secs.
Elevated energy prices and global supply constraints are hurting economic activity and adding to inflationary pressures across sectors.
India’s domestic economy has remained largely steady, supported by manufacturing, services activity and resilient private consumption.
Weak global demand and high logistics costs continue to pose headwinds for merchandise exports despite strong growth recorded in April.
A sub-normal southwest monsoon and El Niño threat could affect agricultural output and rural demand, adding uncertainty to the outlook.