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INTEREST RATES UNCHANGED
Orissa POST
|August 07, 2025
RBI revises CLA for banks and NBFCs
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The Reserve Bank of India (RBI) kept its policy interest rate unchanged Wednesday as it appeared to have taken a wait-and-watch approach to assess the full unveiling of US President Donald Trump's trade policies as well as transmission of past rate cuts.
The six-member rate-setting panel, headed by RBI Governor Sanjay Malhotra, held the repurchase rate at 5.5 per cent in a unanimous vote and decided to continue with a ‘neutral’ stance.
While on-track monsoon rains and the approaching festival season are expected to provide buoyancy to the economy, global trade challenges continue to linger, Malhotra said, announcing the decision of the Monetary Policy Committee (MPC).
Trump last month slapped a 25 per cent duty on all Indian goods entering the US from August 7, and Tuesday threatened to substantially hike the tariff for New Delhi's continued purchase of Russian oil.
This story is from the August 07, 2025 edition of Orissa POST.
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