RBI Guv: Interest Rates to Stay Low, May Drop Further

• RBI Governor Sanjay Malhotra stated key policy rates will remain low for an extended period and could decrease further.
• The statement followed the central bank's decision to keep the repo rate unchanged at 5.25% with a neutral stance.
• Malhotra noted that policy transmission on the deposit side has been slower, expecting fixed deposit rates to decline.
• He indicated that recent trade deals and other factors could boost India's GDP growth by up to 20 basis points.
• Deputy Governor T Rabi Sankar affirmed RBI's ability to comfortably manage the government's borrowing program.