RBI MPC: Growth rate could top 7% if oil prices fall further

The MPC members had voted for a status quo in the June policy, citing resilient growth and the need to assess inflation impact while stating that the MPC would closely monitor incoming data.

The Reserve Bank of India has projected FY27 growth at 6.6% in the June policy, while the economy expanded at 7.7% in the January-March quarter, exceeding earlier estimates.