RBI holds repo at 5.50%; raises FY26 GDP outlook to 6.8% in October report

The Reserve Bank of India kept the policy repo rate unchanged at 5.50% with a neutral stance, citing easing inflation and firm domestic demand. The October Monetary Policy Report lifted FY26 GDP growth to 6.8% and cut CPI projections, pointing to room for future easing if disinflation holds. Minutes showed some members open to a more accommodative stance ahead of December. The RBI highlighted steady credit growth and resilient liquidity as buffers against external risks.