India Tasso Di Interesse

The Reserve Bank of India (RBI) lowered its key repo rate by 25 bps to 5.25% during its December 2025 meeting and maintained a neutral stance, in line with market expectations. The decision comes amid easing inflation and robust GDP growth, despite a weakening rupee. The central bank has now cut rates by a total of 125 bps since the beginning of the year, bringing the repo rate to its lowest level since July 2022. The RBI also announced open market operations worth INR 1 trillion to boost liquidity. On the economic outlook, the central bank raised its GDP growth forecast for FY2025/26 to 7.3%, up from a previous estimate of 6.8%, with Q3 at 7.0%, and Q4 at 6.5%. Meanwhile, headline inflation projections were revised down to 2.0% from 2.6%, keeping it well within the central bank’s 2%–6% target range. The RBI also cut the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) rates by 25 bps, bringing them to 5.0% and 5.50%, respectively.