Description: "The ceasefire between Iran - US conflict, is a significant development and will certainly help ease the global crude oil and gas crisis, thereby stabilising other economies. Considering the developments in West Asia, India's six-member Monetary Policy Committee, headed by the RBI Governor has unchanged the repo rate at 5.25%. The RBI has anticipated the inflation rate at 4% for the Q1 in FY27 and expects growth to accelerate to 7.6% from 7.4% earlier. The apex bank's pragmatic measure of not changing the repo rate for three consecutive years reflects India's strong economic fundamentals, even in the midst of the West Asia crisis.
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