What to know

• The Reserve Bank of India (RBI) on Wednesday raised its inflation and economic growth forecasts for FY27 as the Monetary Policy Committee (MPC) unanimously increased the repo rate by 25 basis points to 5.5%.The MPC also changed its policy stance to calibrated...S1
• The RBI now expects Q2 FY27 CPI inflation at 4.9%, up from 4.7% earlier. The projection for Q3 has been raised to 6% from 5.9%, while Q4 inflation is seen at 5.7% compared with 5.5% earlier.S2
• The upward revision in growth forecast by 40 bps further underscores the strength of economic activity despite significant headwinds, RBI Governor Sanjay Malhotra said.S3