India central bank holds steady, seeks to balance growth and inflation risks

Canada News News

India central bank holds steady, seeks to balance growth and inflation risks
Canada Latest News,Canada Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

The Reserve Bank of India (RBI) held rates steady on Thursday and retained an ac...

MUMBAI - The Reserve Bank of India held rates steady on Thursday and retained an accommodative policy stance as it sought to support faltering growth and avoid stoking already high inflation levels.

Economists polled by Reuters had expected the RBI’s Monetary Policy Committee to leave its key repo rate INREPO=ECI unchanged at 5.15% and reverse repo rate INRREP=ECI at 4.9%. Annual retail inflation surged to 7.35% in December, mainly driven by food prices and touched its highest level in more than five years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: India may issue $5 billion of bonds with no foreign investment cap, sources sayExclusive: India may issue $5 billion of bonds with no foreign investment cap, sources sayIndia is likely to issue at least $5 billion worth of bonds with no limits on fo...
Read more »

The erosion of secular IndiaThe erosion of secular IndiaNarendra Modi has repeatedly made political profit by posing as the champion protector of 'endangered' Hindus
Read more »

Solid demand lifts India services activity to seven year high in JanuarySolid demand lifts India services activity to seven year high in JanuaryIndia's dominant service industry began 2020 in a buoyant mood as activity ...
Read more »

India plans to fully electrify rail network in the next 4/5 yearsIndia plans to fully electrify rail network in the next 4/5 yearsIndia hopes to electrify its entire railway track in the next 4-5 years, railway...
Read more »

Venezuela's inflation tumbles to 9,586% in 2019: central bankVenezuela's inflation tumbles to 9,586% in 2019: central bankVenezuela closed 2019 with 9,585.5% inflation, a sharp fall from 130,060% in 201...
Read more »

Australia central bank governor says jobs key for further rate cutsAustralia central bank governor says jobs key for further rate cutsAustralia's central bank would see a stronger case for cutting its benchmar...
Read more »



Render Time: 2025-03-24 22:14:16