Asian Economic News

India's Central Bank Holds Key Rates As Expected

India's central bank decided to keep its key interest rates unchanged and to continue with its accommodative stance as long as necessary.

At the end of three-day rate setting meeting, the Monetary Policy Committee of the Reserve Bank of India unanimously voted to hold the benchmark policy rate at 4.00 percent. The reverse repo rate was retained at 3.35 percent.

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by RTTNews Staff Writer

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