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India Holds Key Rates As Inflation Remains Elevated

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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India's central bank left its key interest rates unchanged on Friday, for the third straight meeting as elevated inflation provided little space for policy maneuver that is needed to support the economy hit hard by the coronavirus pandemic.

The Monetary Policy Committee, led by Governor Shaktikanta Das, voted unanimously to maintain the policy repo rate at 4.00 percent. The reverse repo rate was retained at 3.35 percent.

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