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.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.