Indian News


Resrvebank-India-120716.jpg India's central bank unexpectedly kept its key interest rate unchanged on Wednesday as policymakers decided to wait to judge the impact of the drastic demonetization measure on the economy and any policy tightening by the U.S. Federal Reserve next week. The Monetary Policy Committee of the Reserve Bank of India, headed by Urjit Patel, unanimously decided to hold the key repo rate at 6.25 percent.

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