Bank of Baroda and Canara Bank have increased their MCLR rates by up to 5 bps on select tenures, effective June 12, 2026. This follows the RBI's decision to maintain the repo rate at 5.25%. HDFC Bank also recently adjusted its MCLR rates.
RBI holds repo rate at 5.25%, lowers FY27 growth forecast to 6.6% from 6.9%, and raises inflation projection to 5.1% from 4.6% due to West Asia conflict's impact on oil prices and supply chains.
RBI maintains repo rate at 5.25% due to West Asia conflict's impact on energy prices and inflation, affecting India's import-dependent economy. Home and business loan rates to remain stable.
The Reserve Bank of India (RBI) maintained the repo rate at 5.25% due to balancing inflation risks from high crude oil prices and a weakening rupee against the need to support economic growth, amid geopolitical tensions and concerns over a below-normal monsoon.
RBI maintains repo rate at 5.25% and neutral policy stance, citing confidence in India's resilience amid global economic challenges, revising FY27 GDP growth forecast to 6.6% and inflation to 5.1%.
The RBI is expected to maintain the repo rate at 5.25% on June 5, 2026, despite inflation and currency pressures. Experts believe FD rates will remain stable due to stabilized liquidity, credit, and deposit growth, suggesting investors may wait longer for rate hikes.
The RBI's Monetary Policy Committee is meeting to decide on the repo rate, with most economists expecting it to remain at 5.25% due to inflation and growth challenges from the West Asia conflict.
