India’s Reserve Bank of India revised down its GDP growth outlook for fiscal year 2026-27 to 6.6 percent from a previous estimate of 6.9 percent during its June policy meeting.
The central bank cited higher crude oil prices linked to Middle East tensions and broader global uncertainty as factors behind the downgrade. Growth is projected at 6.6 percent in the first quarter, 6.3 percent in the second, 6.5 percent in the third and 6.8 percent in the fourth.
Policy makers kept the repo rate unchanged at 5.25 percent for a third straight meeting while maintaining a neutral stance amid a weakening rupee.
The revision came as Brent crude traded around $110 per barrel and foreign portfolio investors continued selling Indian equities.
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Sources:
https://www.bizzbuzz.news/markets/stock-market/rbi-policy-decision-june-2026-what-it-means-for-your-stock-portfolio-1393319