India maintains wait-and-see approach with rates hold
RBI’s governor says effects of previous easing cycle and US tariffs have yet to play out
The Reserve Bank of India has again deferred any resumption of its easing cycle, as it tries to balance the improved outlook for inflation with the more uncertain outlook for growth.
The central bank today (October 1) voted unanimously to hold rates. The policy repurchase rate will remain at 5.5%, the standing deposit facility rate at 5.25%, and the bank rate and the marginal standing facility rate at 5.75%.
In his statement on the decision, RBI governor Sanjay Malhotra said the bank’s monetary
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