The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation.
After the conclusion of the three-day monetary policy meeting on Friday, RBI Governor Shaktikanta Das said the committee voted 4-2 to maintain the policy repo rate at 6.50 percent. The repo has been at 6.50 percent since February 2023.
For comments and feedback contact: editorial@rttnews.com
Business News
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.