India central bank keeps rates steady at 5.25 percent
The Reserve Bank of India held the repo rate at 5.25 percent on Wednesday. Officials cited geopolitical uncertainty and rising oil prices as risks to growth.
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The monetary policy committee in India has voted to keep the benchmark repo rate unchanged at 5.25% as it assesses the economic impact of the ongoing conflict involving Iran. This decision, which was unanimous among the six members, reflects a cautious approach amid heightened global tensions. The committee also maintained its neutral stance, a move that was expected by the majority of economists surveyed in a recent Reuters poll.
