Highlights of RBI's monetary policy

Mumbai, Feb 6 (PTI) Following are the highlights of the bi-monthly monetary policy announced by Reserve Bank Governor Sanjay Malhotra on Friday: * Benchmark lending rates unchanged with repo rate at 5.25 pc; * Monetary policy stance remains neutral; * GST reforms, monetary easing, low inflation to support pvt consumption; * Trade deals to boost exports; * GDP growth projections revised upwards for Q1 and Q2 of FY27 to 6.9 pc and 7 pc, respectively; * Measures in Union Budget conducive for economic growth; * Retail inflation for current fiscal projected at 2.1 pc; * CPI inflation for Q1 and Q2 of FY27 projected at 4 pc and 4.2 pc, respectively; * Excluding precious metals, underlying inflation pressures remain muted; * India’s forex reserves

stood at USD 723.8 bn; * Framework soon to compensate customers up to Rs 25,000 for losses in frauds; * RBI proposes measures to protect senior citizens from digital frauds; * Collateral-free loan limit for MSMEs to be doubled to Rs 20 lakh; * Banks to be allowed lend to REITs; * Branch opening norms for certain types of NBFCs to be relaxed; * Next meeting of RBI’s MPC scheduled for April 6- 8, 2026. PTI NKD CS NKD DR DR