Last Updated on June 5, 2026 11:15 pm by BIZNAMA NEWS
The Reserve Bank of India kept interest rates unchanged for the second time in a row in the current financial year. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra today said that the Monetary Policy Committee (MPC) has unanimously decided to retain the short-term lending rate or the repo rate, at 5.25% with a neutral stance.
RBI has lowers GDP growth projection to 6.6% from 6.9% earlier for current fiscal. Governor also increased CPI inflation target to 5.1 percent from 4.6% for current financial year. RBI has also raised limit for investments by Non-Resident Indians, Overseas Citizens of India in equity instruments.
RBI Governor Sanjay Malhotra today said, proposal of Polymer based currency notes is under consideration for RBI. He added that this proposal is at primary level. Few customers have complained about the currency note crunch in Bank branches and ATMs in various parts of the country. On these issues he said that, RBI has sufficient liquidity and currency shortage, if any will be replenished immediately.