India's central bank left its key interest rate unchanged at a record low and pledged to continue its accommodative stance as long as necessary despite inflation breaching its upper target band.
The six-member Monetary Policy Committee unanimously voted to hold the benchmark policy rate at 4.00 percent, the Reserve Bank of India said Friday. The reverse repo rate was retained at 3.35 percent.
The Marginal Standing Facility rate and the Bank Rate were also left unchanged at 4.25 percent at the meeting.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.