# RBI holds rates, raises GDP forecast to 6.7%

2026-08-08T03:02:03+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

The RBI kept the repo rate unchanged at 5.25% for the fourth consecutive meeting in August 2026, while revising its FY27 GDP growth forecast upward to 6.7% from 6.6% and lowering its CPI inflation estimate to 5.0% from 5.1%. Governor Sanjay Malhotra noted growth remains supported by resilient domestic demand and exports, but cautioned about uncertainties from the monsoon, El Nino, geopolitics and global trade policy. In other economic data, private sector activity moderated in July with manufacturing PMI slipping to 53.5 and services PMI falling to 53.3. Banks mobilised $28 billion in net FCNR deposits under an RBI scheme. Kharif sowing declined 2.9% year-on-year as of July 31. The Centre raised its apprenticeship target by 40% to 600,000 students. India won its lowest Commonwealth Games medal haul since 1998 with 39 medals.

## Coverage

- livemint.com <https://www.livemint.com/economy/the-week-in-charts-policy-pause-moderating-activity-dollar-inflows-11786001789804.html>
- thehindubusinessline.com <https://www.thehindubusinessline.com/economy/rbi-survey-sees-stronger-fy27-growth-higher-inflation-fy28-outlook-points-to-goldilocks-economy/article71324829.ece>

Tags: Commonwealth Games, FCNR deposits, GDP forecast, inflation, PMI, RBI policy
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