Acknowledges downside risks to growth. Regulatory measures to enhance the flow of bank credit to various segments. Absence of specific steps to improve the transmission of policy easing into markets and the broader economy
Rajeev Radhakrishnan
CFA, CIO, SBI Mutual Fund
Stable rates help the companies to plan long-term investments with clarity, and provide comfort to consumers through predictable borrowing costs
Sanjay Nayar
President, Assocham
Anticipates a sharp sequential slowdown, projecting growth of 6.3 per cent in H2. But RBI risks exacerbating fragile consumer and business sentiment. With rupee volatility and external risks, the bar for further easing remains high
Siddharth Chaudhary
Head (Fixed Income), Bajaj Finserv
RBI projects GDP growth at 6.6 per cent for next year. This seems to be below potential, given continuous undershooting of CPI inflation. This shall open space to cut rates later. The supply of central and state government papers has not been addressed, which is the main concern of the markets
Murthy Nagarajan
Head-Fixed Income, Tata Asset Management
Domestic demand remains weaker than desired. External challenges are real. Growth still lags the RBI’s aspirational targets as emphasised by the Governor
Sneha Pandey
Fund Manager, Quantum AMC
FY26 nominal GDP likely to print below 8 per cent, which requires a recalibration of key macro and market variables. A shortfall in growth means
sharper fiscal compression to achieve debt/GDP improvements. This reset calls for front-loaded rather than back-loaded policy support
Madhavi Arora
Chief Economist, Emkay Global
RBI noted that the current macroeconomic conditions opened policy space for further supporting growth, hinting at policy easing in forthcoming meetings
Naval Kagalwala
COO & Product Head, Shriram Wealth
It has significant measures beyond rate adjustments, like review of ECL framework, capital market exposure limits for banks, and large borrower exposure norms. These will have an impact on ease of doing business, and deepen lending and capital market businesses
Mahendra Kumar Jajoo
CIO, Mirae Asset Investment
Due to lower growth forecasts, there is space for monetary easing, but the RBI awaits the impact of past actions to play out. We expect this rhetoric to be perceived as relatively dovish, thereby capping any rise in Government bond yields
Churchil Bhatt
EVP, Kotak Mahindra Life Insurance
For developers, consistent rates allow for careful planning and execution. Coupled with attractive offerings and well-designed homes, demand remains robust. This stable policy will sustain market momentum, support ongoing launches, and reinforce confidence in long-term growth
Jash Panchamia
ED, Jaypee Infratech
Central bank delivered unexpected pro-market initiatives like allowing banks to fund acquisitions, and liberalising loans against shares
VK Vijayakumar
Chief Investment Strategist, Geojit Investments
Real estate sector hoped for a further cut to support demand, particularly in the affordable segment. Continued fiscal and monetary support is essential to sustain the momentum. We hope that future decisions will consider accommodative measures
Shishir Baijal
CMD, Knight Frank
For end-users, steady borrowing costs sustain affordability and confidence. For investors, predictability reinforces India’s appeal as a resilient, high-growth real estate market, especially in the luxury segment, where global capital is showing rising interest. This pause is about long-term confidence
Amit Goyal
MD, Sotheby’s International Realty
RBI’s decision reflects a commitment to stability while nurturing growth
Salee S Nair
MD & CEO, Tamilnad Mercantile Bank
For borrowers, the environment is improving with banks reducing lending rates, helping sustain household consumption and credit demand. The pause allows space for the impact of past actions to play out, and leave scope for RBI to step in with fresh easing if needed
Amit Prakash
Co-founder & CBO, Urban Money