The central RBI Governor announced that the repo rate remains the same. From 3rd June to 5th June, the six-member monetary policy committee held meetings for two days, and on 5th June, the RBI announced that due to ongoing Middle East tensions, there is economic instability across the globe.
RBI Governor, Sanjay Malhotra, said that bank and MSF rates are at 5.5%, CPI inflation for 2026-2027 is estimated to be 5.1%, FDIs show continued foreign investors interest in India, and Crude Oil Prices have reached $110 per barrel over the past two months. Core inflation was stable in March and April.
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