India's central bank left its key interest rates unchanged as the economy needs policy support amid possible risks to growth from the new coronavirus variant Omicron.
The Monetary Policy Committee of the Reserve Bank of India, led by Governor Shaktikanta Das, unanimously decided to retain the policy repo rate at 4.00 percent. The reverse repo rate was left unchanged at 3.35 percent.
The MPC has judged that the ongoing domestic recovery needs sustained policy support to make it more broad-based.
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