The Reserve Bank of India has kept the repo rate unchanged at 5.25% and maintained a neutral policy stance. RBI Governor Sanjay Malhotra warned about inflation risks arising from high crude oil prices, monsoon uncertainties, and possible El Nino conditions. The central bank also lowered India's GDP growth forecast to 6.6% while raising its inflation estimate to 5.1%, signalling a cautious outlook despite confidence in the economy's resilience.