Reserve Bank of India to hold interest rates until at least mid-2027: Reuters poll
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By Pranoy Krishna
Published on March 27, 2026.
The Reserve Bank of India (RBI) is expected to maintain its key interest rate at 5.25% on April 8 and at least until mid-2027, according to a Reuters poll of economists. This decision comes as inflation is already benign and gives the bank time to assess the impact from the Middle East conflict. All but two of 71 economists in the poll expected the RBI to keep the repo rate unchanged at its next policy meeting. However, Dhiraj Nim, an economicsist at ANZ, and Sakshi Gupta, principal economist at HDFC Bank, both agreed that it is premature to consider an increase. The survey also showed inflation averaging 4.3% over the next two fiscal years, largely unchanged from the February survey.
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