India's central bank retained its key interest rates on Wednesday after cutting by 100 basis points since February and downgraded its inflation outlook for the current fiscal year.
The Monetary Policy Committee of the Reserve Bank of India, governed by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent.
The bank had reduced the rate by 50 basis points in June and 25 basis points each in February and April.
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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.