India's central bank on Wednesday left its key interest rate unchanged for a second policy session in a row as it saw upside risks to the inflation outlook and maintained its policy stance of "calibrated tightening".
The central bank also took steps to make banks lend more to boost the economy, by deciding to reduce the statutory liquidity ratio, or SLR, which is a form of reserve requirement that that banks have to maintain in liquid assets such as cash, gold and government securities.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.