Industry Body ASSOCHAM has said that the RBI’s decision to keep the repo rate unchanged at 5.25 per cent will strengthen growth and business sentiments. Secretary General of ASSOCHAM Saurabh Sanyal said that the decision reflects a balanced approach towards supporting economic growth while ensuring inflation remains within the target range.

Mr Sanyal said the unchanged rate signals confidence in the domestic economy while preserving room for timely action in response to evolving macroeconomic and financial conditions. He expects that economic growth will remain strong in this financial year, despite the uncertain global economic environment.