New Delhi [India], October 1 (ANI): Industry chambers have welcomed the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decision to maintain the repo rate at 5.5 per cent with a neutral stance, citing it as a signal of stability and growth support in the backdrop of moderate inflation and strong GDP performance.

Hemant Jain, President of PHDCCI, said, "Monetary Policy Committee of the Reserve Bank has decided to maintain the status quo on the policy repo rate at 5.5 per cent given the backdrop of moderate headline inflation and high GDP growth in Q1 FY 26 at 7.8 per cent amidst tariff related uncertainties," Jain said. He added that good monsoon conditions, direct tax cuts, and monetary push are expected to lead to an upward revision of India's real GDP growth for the year.

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