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India's Central Bank Keeps Rates Unchanged, Unveils Rupee Support Measures on June 5

2026-06-05 05:23:46

According to Jin10, on June 5, India's central bank kept its benchmark interest rate unchanged while announcing currency support measures to combat rupee depreciation, as Governor Sanjay Malhotra signaled the RBI's focus on supporting economic growth. The central bank raised its inflation forecast for the fiscal year ending March 2027 to 5.1% from a prior estimate of 4.6%, above its 4% target, but indicated it would wait for clearer inflation signals before taking further action.

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