India’s central bank has left its repurchase rate unchanged at 5.5%, citing weaker-than-expected inflation and global uncertainties, and thereby ending a round of policy easing that began in February.

The Reserve Bank of India said today (August 6) that it was also keeping its liquidity adjustment facility at 5.25% and its marginal standing facility rate at 5.75%. It said India’s inflation outlook had become “more benign” when compared with its earlier projections, and that growth had been in