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RBI Holds Interest Rates Steady Amid Inflation Concerns and Economic Growth
Summary
The Reserve Bank of India announced today it will maintain the repo rate at 6.50%, citing persistent inflation pressures balanced by moderate economic growth. In its bi-monthly mon
The Reserve Bank of India announced today it will maintain the repo rate at 6.50%, citing persistent inflation pressures balanced by moderate economic growth. In its bi-monthly monetary policy review, RBI noted that inflation remains above the 6% upper tolerance limit but expects easing in the coming months. According to Bloomberg, the central bank emphasized a cautious approach to avoid derailing recovery while keeping inflation in check. The decision impacts lending rates and borrowing costs across the economy.
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