The Reserve Bank of India has kept its interest rate unchanged at 5.25%. This decision was announced by the country's central bank on Friday. The regulator noted the stability of the economic situation. Experts had expected a possible rate hike to combat inflation. However, the decision was made taking into account current macroeconomic indicators. The RBI confirmed its commitment to a balanced monetary policy.
Reserve Bank of India Keeps Interest Rate at 5.25%
The Reserve Bank of India announced it will keep its key interest rate at 5.25% on Friday. The regulator pointed to economic stability, despite expectations of a possible rate hike to combat inflation. The decision was made based on current macroeconomic indicators.